Internal Ref: G1788
Summary
SBX Code: G1788 - A very busy Wine Bar & Restaurant, prime corner location in trendy inner city Redfern.Rare opportunity, first time offered in 7 years. Stable, loyal clientele. $699k.
Rent
$0 pa
Net Profit
$250,000 pa
Location Details
Unbeatable corner location in the heart of Redfern - hot dining precinct on the CBD FringeCouncil approved seating along two street frontsRedfern stat
Potential
Currently trading 5 nights and 2 lunches. - Plenty of scope to increase weekly turnover via events or to increase trading days. -Could promote functions and/or special occasions.
Hours
5 days, Tues to Sat (dinner 5 nights, lunch Fri & Sat)Plenty of scope to increase turnover with
Lease
Current 6 year lease expires in 2028 with a further 5 year option, $14,045 security deposit and 3.5%
Employees
1 owner + 2 full timers + 1 part timer & casuals
About the Business
Bar - Restaurant - City Fringe
SBX Code: G1788
Small bar & restaurant in sought after City Fringe corner location. Great supplier contacts for Australian focussed wine list and seasonal menu. A well established kitchen & bar team offering simple but delicious bar food but not as you know it. Using seasonal produce from local suppliers, the food menu is designed to be shared and changes regularly. The wine menu, favours Aussie producers with natural and biodynamic wines on offer and a rotating beer selection features some favourite local craft brewerys both on tap and in the fridge as well as a selection of carefully designed cocktails.
Features
Well established customer base with excellent google reviews. Winner of the 2018 Sydney TimeOut Bar Awards Category Best Bar Food. Responsive Instagram/Social Media presence with over 10k followers.
Premises
Approx. 80 sq.mts. internal space and council approved outdoor seating along two street frontages. Beautiful ambiance and fit-out.
Comments
Very rare opportunity to acquire a much loved, well located and very busy small bar in one of Sydneys best destination wine & food suburbs. Excellent lifestyle business, currently trading 5 days and returning an excellent owners wage + profit. Fully fitted out kitchen with exhaust, plenty of storage, well set up and easy to run bar. Well established kitchen & bar team with a focus on Australian Wine and produce. Excellent supplier contacts. Responsive Instagram/social media presence of over 10K followers, excellent Google reviews. Winner of Time Out Bar Award on opening.
SBX Code: G1788
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