This is a fantastic opportunity to acquire an established and highly reputable liquor licensed bar in the bustling Sydney suburb of Newtown.
Located on a busy main street in Newtown, this bar seats 85+ patrons across inside and outside areas.
There is great potential for a new owner to drive the current growth forward, reaping the benefits of a new high-quality fit out and consistent local demand.
The business can begin offering food takeaway & delivery options as well as extending trading hours to capture breakfast/lunch customers. Local catering and onsite functions are also highly recommended.
The business is currently run under staff management, however, accelerated growth would be best achieved through an experienced owner operator.
The lease is competitive with a 2021 expiry and further 1x3 year option available
Owner x2 Full time x3 Part time x1 Casual x5
Employees manage the business with limited owner involvement required, all staff are experienced and reliable.
About the Business
This is a rare opportunity to acquire a well-established and highly popular bar & restaurant showing impressive upwards growth and strong profits.
This site is ready to go with no capital expenditure required upon handover. A purchaser can either continue the business as is and enjoy current returns or become involved and drive performance even higher through establishing new revenue streams.
Key facts about this business: - Fully liquor licensed with a Primary Service Authorisation license - Highly reputable with glowing reviews across many sites - Under staff management - Strong profit returns with simple avenues for growth - New high quality fit out -There is scope to extend trading hours and grow revenue.
For more information on this opportunity, please contact the undersigned:
Paul Smith Business Sales Specialist Mentored Business Sales, Corporate Business Sales & Acquisitions M: 0420 550 433 T: 1800 858 696 E: email@example.com
For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 2055292 to search for the business.
Disclaimer: Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.