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Multi Award Winning CBD Restaurant & Bar - (Optional Asset/Lease Sale) Cafes And Restaurants , Food, Corporate Sales above $1m, Cafes And Restaurants Sydney, NSW , Australia 599 Views
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Asking Price $1,200,000 for 100%
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This Listing is open for both accredited & non-accredited Buyers & Investors.

SALE OR INVESTMENT DETAILS
  • Stock at Cost $20,000
  • Gross Sales per annum $1,767,827
  • Assets Included in Sale $0
  • Profit (Normalised EBITDA) $448,336
  • Finance Available (subject to approval) Yes

Selling Agents

Highlights

  • Multi Award Winning CBD Restaurant & Bar - (Optional Asset/Lease Sale)
  • Generating $1.8M in revenue and $500,000 in net profit
  • 397m2 and licenced for 200 patrons
  • Multi Award Winning and voted in top 2.5% of 4000 Sydney restaurants

Executive Summary

An exceptionally rare opportunity to acquire a highly successful Restaurant/Bar in the Sydney CBD or to alternatively purchase the lease/assets which is ready to be utilized for the new owners requirements.


Location Details

Ideally located less than 100m from the Theatre Royal and close to the State Theatre in one of Sydney's most prestigious retail areas in the heart of the CBD.


Potential

There is ample opportunity to expand the business by increasing the catering offering and leveraging its location close to many large office/headquarter buildings in the surrounding area.

Alternatively, acquisition of the lease/assets provides the new owner with the freedom to reutilise the fully licensed premises as required.


Skills

All management, kitchen and supervising staff are in place to undertake all operating responsibilities.


Lease

The current lease expires on the 30th of September 2022 and has a 5-year option. No personal or directors guarantees are currently associated with the lease.


About the Business


Option 1:

An excellent opportunity to acquire a premium, award-winning restaurant and bar that has been trading from this prestigious

location for the past ten years and which has built up a great reputation for its quality of food and service to become a popular fixture in the CBD.


Option 2:

Purchase as an asset/lease sale. The site is fully refurbished and is liquor licensed for 200 patrons. The establishment also includes a

fully fitted out kitchen with a walk-in cool room, walk-in freezer, huge dry store and a staff locker room.


Some great facts about this business:

- An Extremely difficult to secure license (PSA) which allows for the sale of alcohol without the need to purchase food (the establishment must have a kitchen & sell food)

- High quality fit out valued at over $800k

- Generating $1.8M in revenue and $500k in net profit

- 397m2 and licenced for 200 patrons

- Multi Award Winning and voted in top 2.5% of 4000 Sydney restaurants reviewed and rated


Opportunities to purchase such a well established, award-winning and superbly located Restaurant in the CBD are very rare.


For all your enquires, please contact the undersigned:


Peter Barrett

Business Sales Specialist | Business Sales Sydney

Ray White Business Sales, Corporate Business Sales & Acquisitions

M: 0474 378 411 T: 1800 858 696 E: peter.barrett@raywhite.com


Disclaimer:

Due to the confidential nature of the sale, images used are 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.

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