Fully Licensed Bar - All Assets/Equipment Included - Newly Fitted Out

Newtown, NSW

Food/Hospitality / Alcohol/Liquor, Restaurant, Cafe/Coffee Shop
$75,000
Listing ID1855158

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This is a great opportunity to acquire an exciting business located in one of Sydney's most vibrant suburbs, Newtown. This bar is fully licensed and newly fitted out, making this an exceptional low risk sale.

Location Details
Ideally situated on one of Newtown's busiest streets, this high traffic location is perfect for this businesses offering.

Potential
There is potential to continue operating this business as is, or to reimagine the entire offering including an increased focus on food. Additionally, the current owner does not do lunch time trade which represents a great opportunity to capitalize on daytime demand.

Skills
Hospitality experience would be beneficial, however all systems and processes are in place which makes for a smooth transition.

Hours
Mon-Thurs 5pm - 12am
Fri-Sat 4pm - 12am
Sun 3pm - 10pm

Lease
1 year remaining with a 3-year option available.

Employees
2x Owners
3x Casual
*Roster will alternate during the peak and low times

About the Business
This exciting opportunity showcases a well established bar in a prime, relevant area. The site is fully licensed and is newly fitted out which will save the new purchaser a substantial amount of money.

There is a lot of potential for further growth in this business, including an increased social media presence which would highlight the bar's activity, theme and overall offering.

Below are a few key points:
- Licensed for 75 people
- Great, high foot traffic location
- License is able to be extended till 2 am (STCA)*
- Great potential in many areas
- Newly fitted out site, including a full kitchen


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

Kane Hansen
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0420 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 1855158 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, owner's salaries, director's benefits, personal expenses, non-recurring expenses, oneoff expenses, capital costs, depreciation and generally any costs relevant to the current owners.