Bar & Restaurant For Sale - Psa Licensed

Bondi, NSW

Food/Hospitality / Cafe/Coffee Shop, Takeaway Food, Juice Bar
Offers Above $199,000
Listing ID1882526

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This is an exciting opportunity to acquire a fully licensed restaurant & bar with seating for 112 patrons, both indoor and outdoor. The perfect combination of location, atmosphere and food menu offerings, this local bar and restaurant is loved by locals and first-time visitors alike.

Location
The restaurant & bar is located in Sydney's Eastern Suburbs and boasts a stylish fit-out with seating for 112 patrons within its 211sqm premises.

Potential
Already returning a solid revenue income, there is plenty of options for realizing the businesses potential. Expanding trading hours, adding a takeaway or food delivery option, as well as marketing the business towards events and functions will no doubt increase the profile and performance of this business opportunity.

Skills
This is a business that would suit a purchaser with previous hospitality experience, or some prior experience in the SME sector. The current owners do not work in the business.

Hours
The business currently opens for dinner 7 nights a week, and for lunch on the weekends. Hours are:
- Monday to Thursday: 5 pm to 11 pm
- Friday: 4pm to 11pm
- Saturday: 12pm - 11pm
- Sunday: 12pm - 10pm

Lease
Current lease has an expiry date of 20th June 2020 with an additional 1 x 3-year option.

Employees
The business currently employs around 20 staff including the owners. A full breakdown of the staff layout can be provided post enquiry.

About the Business
Established in 2013 by the current owners, this restaurant & bar takes advantage of its stunning location in Sydney's Eastern Suburbs, an area well known for its cool bars and chic restaurants. The 112 patron capacity premises includes a main dining room, large rear courtyard with a retractable roof and bi-fold windows that allow the sunlight and local views to stream in, highlighting a stylish and trendy fit out accented by recycled fence palings from the local neighbour exuding a beachside ambiance.

Fully liquor licensed and currently holding a highly sought after but rarely obtained PSA license, allowing alcohol to be consumed without food. Currently open 7 nights per week for dinner, the offerings on the menu include sharing plates, burgers and unique cocktails.

Key Points about this restaurant & bar:
- Opportunity to expand with targeted marketing, widening of opening hours and food takeaway and delivery options
- The food menu includes bar grazing snacks, entree burgers, main meals, sides, and desserts
- Fully liquor licensed and currently holding a highly sought after but rarely obtained PSA license, allowing alcohol to be consumed without food
- All kitchen and cafe fittings and fixtures are included

This is a fantastic opportunity to acquire a standout local restaurant & bar in a stunning Eastern suburbs location. Don't miss this one.

For more information on this exciting opportunity, please contact the undersigned:

Paul Smith
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0420 550 433 T: 1800 858 696 E: p.smith@raywhite.com

Or

Kane Hansen
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0421 362 488 T: 1800 858 696 E: kane.hansen@raywhite.com

For more details complete the contact us form on this page or go to www.rwbs.com.au and complete our online confidentiality agreement. Use the reference ID 1882526 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, owners salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Business categories: Food, Cafe, Restaurant, Bar, Liquor, Business, Under Management