Property ID : 1P0255
Sold $349,000 + SAV - Cafe, Restaurant
This Bar & Restaurant business claims an average of $25 per transaction while $70 to $80 on dinner alone. Moreover, the business is fully managed & equipped with robust system and well-trained staff.
•$1.5 million in turnover
• Over $200 thousand in profit
• At least 8 more years in lease
• Amazingly cheap rent – only 8% of turnover
• Exceptional fit-out costing $1 million
• Outstanding location
• Solid Marketing with thousands of Social Media followers
The business is primarily known for its Modern Australian dishes complemented by a wide variety of fine liquor. During day time, the store competes as a cafe, selling about 35 kgs of coffee per week. Nevertheless, the venue’s exceptional fit-out also speaks a lot to the reason why patrons frequent this bar. Open 7 days a week with license to trade until midnight and has allocated areas for small functions.
The venue is spectacularly situated between three busy roads and features striking interiors. It has an outdoor seating area and offers amazing entertainment.
No specific skills are required & training will be provided for the new owner. Food & liquor licences are, however are a prerequisite to continue trading.