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Award Winning Surry Hills Restaurant/bar For Sale

Surry Hills, New South Wales
Asking Price:
$160,000 (AUD)
Sales Revenue:
$1M - $5M (AUD)
Cash Flow:
$500K - $2.5M (AUD)

This fully licensed business in Surry Hills is well established, highly reviewed and the winner of multiple awards. The founding partners are now focused on individual projects and ready to sell.

Revenue
$35,000 pw

Rent
$3,969 pw

Net Profit
$3,925 pw

Location Details:

Surry Hills is a popular area of Sydney known for on trend coffee shops, wine bars, pubs, restaurants, and fashion boutiques. It is greatly populated and easily accessible by public and private transport.

Potential:

Increase Growth by Adding Online Ordering Options
Add Private Dining Areas
Increase Profit Margin by Working In Business

Skill Level:

Best suited to individuals with industry experience.

Lease
Lease Began July 2015
Lease Ends July 2021
Option Period 3x3x3


Reason for Sale:

The 3 founding members are now focused on individual projects.

About the Business:

This business, founded by industry experts, has an excellent ambiance, award winning reputation and well established online media presence. Fully Licensed and unaffected by lock out laws.

Annual Turnover $1,750,000
Annual Net Profit $ 200,000+
Lease to 2021 + 3 year option
20 Employees
Currently operated primarily under management

DA approved trading hours 7am to Midnight Monday to Sunday
Handover period and training available

Property Information

Real Estate:

Lease

Lease Terms:

3x3

Leasehold Rent:

$206,388 (AUD) per annum

Location:

Surry Hills is a popular area of Sydney known for on trend coffee shops, wine bars, pubs, restaurants, and fashion boutiques. It is greatly populated and easily accessible by public and private transport.

Premises Details:

This business, founded by industry experts, has an excellent ambiance, award winning reputation and well established online media presence. Fully Licensed and unaffected by lock out laws.

Business Operation

Reasons for selling:

The 3 founding members are now focused on individual projects

Employees:
20
Years established:
3+

Other Information

Support & training:

Handover period and training

Contact Information

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