This asset sale offers a restaurant/bar fit-out (plant & equipment) with the transfer of the lease only. Due to a partners dispute It is being offered at less than fitout cost.
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A popular wine and cocktail bar in a busy corner shopping strip location, running fully under management. Currently taking $13,000 PW with GP at 70-75%.
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Situated in a prime location with a state-of-the-art fit-out, this bar offers huge potential for further development and increased profitability.
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General liquor licence until 1am for 300 patrons + Bottle Shop licence until 11pm - 7 days -Sales of $2,200,000 - Net profit of $550,000 pa - Under management - Stunning venue -vendor terms available
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