Iconic Woolloomooloo Restaurant - Extensive Existing Lease

Woolloomooloo, NSW

Food/Hospitality / Restaurant, Cafe/Coffee Shop, Alcohol/Liquor
Expression Of Interest
Listing ID1800673

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This well-established business is a feature of the Woolloomooloo restaurant landscape. Surrounded by a number of pubs and located in the picturesque area, the venue experiences high foot traffic all year round. Options for buyers include either an outright purchase of the business or entering a very competitive sub-lease.

Location Details
Based in the center of the Woolloomooloo restaurant strip.

Potential
The business transfer includes a unique 24/7 full liquor license. The lease is highly competitive and offers an operator a significant cost saving opportunity.

Skills
No specific knowledge is required.

Lease
The existing lease expires in 2028. The landlord is amendable to consider further extensions if requested.

Hours
The restaurant offers breakfast, lunch & dinner. Operates 7 days a week.

Employees
The restaurant is staffed on the traditional split between back of house, front of house and bar staff.

About the Business
The restaurant is located in the heart of Woolloomooloo and is a regular meeting point for many high profile people.

Having operated for over twenty years, it draws a very diverse clientele from all parts of Sydney. The sale includes all the equipment and a very well-established kitchen that can be readily used to prepare most cuisines without further investment.

The location is undergoing a substantial gentrification and further uplifts in the area will be driven by the use of the port facilities in the area for the docking of cruise ships.

Some great facts about this business:
- Iconic location in the heart of Woolloomooloo
- High foot traffic
- Extensive lease period
- 24/7 liquor license
- Diverse clientele


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

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 1800673 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.