Restaurant & Bar - $1.4m In Revenue

Surry Hills, NSW

Food/Hospitality / Alcohol/Liquor, Restaurant, Takeaway Food
Expressions Of Interest…
Listing ID1884573

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A stylish and popular licensed restaurant and bar in the heart of Surry Hills, known for its casual dining, and exciting cocktail range.

Location Details
Approx. 144 sqm tastefully and stylishly fitted out ground floor premises in the heart of Surry Hills.

Potential
There is potential to increase revenue by looking to increase trading hours across Monday to Friday during the day with different lunch options for mid-week.

The business could develop a food menu to appeal to corporate events/meetings. There is also an opportunity to add food takeaway/delivery options such as UberEats, Menulog and EatNow.

Skills
The Bar & Restaurant would suit a purchaser with experience in hospitality or someone looking to get into the industry.

Hours
Open for dinner 7 nights a week and for brunch and lunch on the weekends.

Lease
Expires in 2021 with 1 x 3-year options.

Employees
10x FT
4x PT
5x Casual
+ Owner involvement (part-time basis)

About the Business
An opportunity exists to acquire a multi-award winning inner-city restaurant and bar business with a primary service authorisation liquor license.

Set up in 2015, this is a sleek, atmospheric, contemporary restaurant/bar located on the ground floor of a grand Victorian terrace in Surry Hills, in the heart of the innercity bar and restaurant scene.

Since opening, the restaurant has been awarded numerous industry awards including People's Choice NSW Restaurant of the Year in the 2016 Sydney Morning Herald Good Food Guide.

There are excellent opportunities for growth considering the venue doesn't open during the day midweek and there is currently no takeaway/delivery food offered. An expansion of the food menu and opening hours could provide excellent scope for increasing revenue streams.

Key points:
- Holds a rare PSA liquor license (the sale of alcohol without food)
- Offers a range of popular cocktails
- Highly reputable with glowing reviews and online ratings
- Winners of numerous industry awards in recognition of its unique, quality offering.


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

Richard Ames
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0421 490 501 T: 1800 858 696 E: richard.ames@raywhite.com

Or

Mark Levitt
Business Sales Specialist | Business Sales Sydney
Ray White Business Sales, Corporate Business Sales & Acquisitions
M: 0431 004 488 T: 1800 858 696 E: mark.levitt@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 1884573 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, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Business categories: Food, Bar, Restaurant, Liquor, Bottleshop, Liquor Store, Business for sale