Summary
This is a rare opportunity to acquire a cool, intimate bar within Sydney’s style and culture hub. The business has been set up by industry experts and is run under management. Key Features include: Be
Potential
• Increase trading to seven days per week and lunch time trading.
• The kitchen could easily support a variation in the current menu based on owner’s creative ambitions.
• Potential to build on event and venue hire revenue as this is a highly desirable and unique site for large private functions or product launch events.
• Opportunity for savvy marketer to ramp up the promotions and social media platforms to increase venue profile.
• Ground work laid for later trading between midnight to 2am with council approval by obtaining a small bar lice
About the Business
This is a rare opportunity to acquire a cool, intimate bar within Sydney’s style and culture hub. The business has been set up by industry experts and is run under management.
Key Features include:
Beautifully appointed, bespoke, recent fit-out. Minimalist, industrial, recycled elements.
• Average Sales $17K per week
• Bar has capacity for 120, offering speciality cocktails, Australian craft beers, local and international wines.
• Food offerings include cheese & charcuterie grazing platters and stone cooked pizzas.
• Venue hosts regular live music, burlesque, dating and other events
• Functions booked in advance for guaranteed forecastable income.
• Lease term to March 2028. Rent 3K p.w exc gst.
• Strong social media base and outstanding feedback from online review platforms.
• Robust hiring and training system to maintain a solid team, with a long term core staff who take care of hiring casuals as needed.
• Largely automated enquiry process, allowing the manager to respond to enquiries quickly with a personalised touch with lots of specialised content specifically for targeting and securing regular large function bookings.
• Trading hours 4pm to midnight, Tuesday to Saturday.
• Liquor License hours 10am to midnight, Monday to Saturday. 10am to 10pm, Monday to Sunday
• Council License hours 10am to 2am Monday to Sunday.
• All design, branding, social media elements are available and in place to ensure a solid platform of success for the new owner.
• Owner has secured best price contracts for F&B costs, leveraging off strong reputation.
• All systems and processes, licenses, certificates and approvals have been set up by owner. Bar is fully compliant.
• The business holds its own master security licence, which allows employing directly for security staff. The manager also has a security guard licence, saving the cost of hiring an additional guard.
• Venue run with 2 full time managers and the rest of the staff as casuals for flexibility
• Business is currently owned by someone with a full time job. New owner can work in the business to save on casual staff costs, OR work on the business to improve turnover potential, business is already profitable and can be run by staff.
• The two managers are long term, happy and have no desires to leave.
• Current owner is flexible and negotiable on any handover period, and also ongoing support after the handover period. Number of hours for ongoing support can be negotiated at pre-agreed amount built into sale price, and/or $per hour as needed.
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