Summary
High Foot Traffic – Annual Turnover: $600,000 – Fully Equipped Kitchen – 80 Seats – PSA Licensed Venue - High Growth Potential – Asking Price: $220,000 + SAV
About the Business
Here is a turnkey opportunity to own a well-established restaurant and bar in the heart of Newtown/Enmore, NSW. Strategically positioned on bustling King Street, the restaurant enjoys proximity to the University of Sydney, RPA Hospital, boutique shops and vibrant nightlife venues. This ensures consistent foot traffic day and night, promising steady revenue and sustained growth. The business boasts a long trading history of over 20 years, making it an ideal investment opportunity in one of Sydney's most lively food and nightlife hotspots.
This PSA-Licensed restaurant can accommodate 80 guests inside and 8 outside, creating an inviting space for casual diners, private events and groups. Renowned for its signature grazing and banquet-style dining, as well as an extensive gluten-free menu, the venue has established a loyal customer base and garnered stellar Google Reviews. Currently, the business generates over $600,000 in annual turnover and operates seamlessly with a skilled team of seven.
The sale includes an elegant fit-out, a fully equipped commercial kitchen, and three garage parking spaces. The restaurant is effectively marketed through social media, Google Ads, and email/SMS marketing to a loyal VIP Clientele, ensuring steady engagement and consistent bookings throughout the year. With a well-structured team of 3-4 per service and additional support on weekends. The new owner can further expand the business by extending operating hours, launching Sunday breakfast and lunch, or introducing catering services for private functions to boost further profits. Additionally, the current owner is offering a structured two-week training and ongoing consulting to ensure a smooth handover.
Features of the Business:
High-Performing Restaurant with Long Trading History
Prime location with high foot traffic
Strong Functions with a solid annual turnover
Fully equipped kitchen, elegant fit-outs and parking space available
PSA License and training included
80-seat dining area
Google Ads, Instagram/Facebook marketing, email/SMS to VIP list and stellar Google Reviews
Multiple Income Streams
Immense growth opportunities through extended trading hours or catering services
Operating cost base (excluding owner salary): approx. $8.5k per week
Fixed expenses: $1000/wk
Rent: $1,692/wk (including GST)
COGS: $1,750/wk
Staff wages: $3,100/wk
Seize this turnkey chance to own a well-established and thriving restaurant and bar in Sydney’s vibrant dining hotspot. To grab this business opportunity, call us TODAY!
History
Cocktail Bar (Small Bar Licence) — Buy Separately or Package with Restaurant
Small Bar Licence; capacity 20 patrons
Ultra-low overheads: Rent approx. $600 including GST per week ; electricity ~ $130; water ~ $15/month
Near-new fit-out with refrigeration, POS, furniture, commercial multi-speaker sound system.
Includes a fixed projector and screen, opening easy wins like movie nights, live sport, themed promos and ticketed events.
Lease: to July 2026 with a 3-year option
Status: recently established
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