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$225,000 Surry Hills Wine Bar And Restaurant For Sale

Surry Hills, New South Wales, Australia
Asking Price:
$225,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

In every crisis, there can be many opportunities that present themselves, this unparalleled wine bar and restaurant in Surry Hills is one of them.

A fully-managed, all-day dining venue offering modern-day cocktails, an extensive wine list, and simply delicious food.

Located in a high foot traffic area of Surry Hills, this business has always been extremely busy, especially on weekends. A complete re-brand and refurbishment took place approximately 18 months ago where the vendor spent well over $600,000 on the premises.

Its strong turnover, high value of equipment, location, long lease, low price point and great reputation makes this a perfect investment opportunity, especially for a motivated bar enthusiast or restaurateur looking to take advantage of its foundations as we slowly steer out of the Covid-19 restrictions.

This business is ready to trade and the price has been reduced to reflect a discounted value of its assets, meaning a new owner will be able to depreciate against the full value they pay for the business.

This opportunity will not stay on the market long, so enquire now before you miss out.

Features
PSA Liquor License from 7am-12midnight
Long lease of 6+7yrs with rent at 7% of turnover
Fully managed and professional team
Active database of 15,000 & strong social media presence
Recently refurbished fit-out with full commercial kitchen
Indoor and outdoor seating for 80+ guests
Detailed training systems, standards & procedures in place

Premises
Lease: Ends in September 2025
Annual Rent: $150,800
Seating Capacity: 80+ internal and external

Financial Summary
Revenue: $1,745,270
Cost of Goods: $503,114
Rent: $150,800
Expenses: $254,876
Wages incl Super: $583,842
Net Profit / EBITDA: $252,638

*All figures are exclusive of GST
*12 months period pre-Covid-19

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