Summary
Unique restaurant/bar located in the prime area of the Northbridge Entertainment District. Extremely high foot traffic and great rent. All plant & equipment, furnishings & fittings and stock included
Revenue
$82,000 pm
Rent
$7,030 pm
Potential
Take over a location that is fully fitted out. Create your own brand and offering in a location that excels. Minimal work required to create something unique, all equipment included. 90% of the work is done. Liquor license, walk in cool room, 6 beer taps, bathrooms, dry store, bin areas, fully kitted out kitchen and bar.
Skills
Hospitality experience
Hours
7 days a week, liquor license runs 24/7, 365 days per year
Lease
Negociable
Employees
Negociable
About the Business
This established restaurant/bar situated in Northbridge is a perfect opportunity to start your own restaurant/bar at a fraction of the cost to establish, or for an established brand to expand their footprint.
With an enviable corner location, the restaurant is situated on 2 extremely busy streets, right in the heart of the Northbridge Entertainment District giving it significant traffic exposure. The site is unique.
The restaurant/bar has a good sized commercial kitchen, bar, bathrooms, walk-in cool room, indoor dining with large bifold windows allowing that alfressco feel. A Restaurant liquor licence is in place with an ETP for liquor without a meal.
This restaurant/bar is ideally located to capitalise on the Fringe Festival and any events at RAC Arena.
The restaurant has established a strong following and has achieved weekly sales in excess of $40k per week within the last 12 months, with 12 month average revenue of over $23k per week.
Rent of ~$84k per annum makes this an opportunity where you can work for yourself and not just the landlord.
This is perfect for you if you are looking for an opportunity to start your own restaurant/bar where the hard work has already been done, or if you are an established business looking to expand your hospitality foot print.
Priced at offers around $130,000 WIWO. All plant & equipment, furnishings and fittings and stock included.
History
Has been trading for 5 years.
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