Internal Ref: 6961105
Summary
Multi-Award-Winning Bar with Dual Bars, Full Kitchen, 2am Liquor License, 6 Days a Week, Live Music Venue, and More, Awaits Savvy Operator.
Revenue
$85,000 pm
Net Profit
$10,000 pm
Location Details
Subtly located in Sydney’s most renowned suburb for its stylish cultural and trendy restaurant scene, fronting the main street.
Potential
The 2am Liquor Licence was hard fought and won in 2020 immediately prior to the start of the pandemic and has never been properly realised. There is only one other small venue nearby with similar hours.
Hours
Tues-Thurs 4pm-12am; Fri & Sat 12pm-12am; Sun 12-10pm
Employees
Under management with a full-time venue manager and a full-time kitchen manager; approximately 250 staffed hours are paid each week.
About the Business
Step into the realm of fusion cocktail mastery at this sophisticated bar, where chic clientele are captivated by an immersive drinking and dining experience.
With over $300,000 invested in its fit-out and renovation, the bar clinched The International Green Interiors Award for Hospitality in 2015 and secured a Finalist spot for Best Bar in Australia at the Eat Drink Design Awards in 2016. Additionally, it was awarded by Sapporo in 2017.
Spread across three stylishly designed floors, the venue features two enchanting themed bars - one nestled upstairs and another hidden underground. This ingenious layout ensures each floor operates independently, catering seamlessly to walk-ins on the ground level without disrupting the ambiance above or below. The basement, with its own distinct charm, serves as the ideal space for hosting functions, events, and parties of all kinds.
Delight your senses with an array of fusion cuisine and cocktails gracing the menu. Complementing the culinary journey, intimate live music performances grace the space a few nights a week, enveloping patrons in an edgy yet carefully curated cultural ambiance. This isn't just another bar; it's an experience designed to be savored and remembered.
FY23 Financials:
Sales: $1,026,618
Profit: $122,076
Rent: $124,365
Wages: $374,639
Super $39,208
Utilities: $11,812
Premise:
Approx. 154m² in total; basement roughly 47m² with a bar counter, 10 tables and 37 guests seated; ground floor roughly 60m² with the commercial kitchen, 6 tables and 18 guests seated; first floor roughly 47m² with another bar counter, 10 tables and 43 guests seated.
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