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Prime CBD location close to prestigious retail outlets, theatres etc Cafes & Restaurants , Food, Corporate Sales above $1m, Cafes & Restaurants Sydney, NSW , Australia 417 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

  • Prime CBD location close to prestigious retail outlets, theatres etc
  • 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

Extremely popular contemporary restaurant and bar licenced for 200 guests. Recently fully refurbished and generating a revenue of nearly $1.8M and a net profit of nearly $500,000. The premises has a full Primary Service Authorisation liquor licence allowing drinks to be sold with or without food.


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.


Skills

The restaurant has a full-time staff of a restaurant manager to deal with staff, suppliers and the day to day running of the operation. There is also a full-time Chef who runs the Kitchen and a full-time Food and Beverage supervisor to manage the floor staff. The business also has a sub-contracted bookkeeper that runs all of the accounts. The new owners would benefit from having marketing skills.


Hours

Monday to Saturday- 5 AM to 12 midnight. 

Sunday- 10AM to 10PM


Lease

The current lease expires on the 30th of September 2022 and has a 5-year option. The rent is very reasonable and there are no Directors or personal guarantee requirements within the lease.


Employees

3x full time 

8x casual 


About the Business

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.

Trading from a fully refurbished and contemporary premise that is licenced for 200 customers and are also fully licenced to sell alcohol with a wide range of wines, beers, spirits and cocktails on offer. The site also contains an oversized fully fitted out kitchen with walk-in coolroom, walk-in freezer, huge dry store and staff locker room.

The business is generating a revenue of close to $1.8M pa with net profits close to $500,000 per annum. It boasts an excellent team of staff and would make a great purchase as a managed business or with the full involvement of the new owner. 


Some great facts about this business:

- Prime CBD location close to prestigious retail outlets, theatres and many 5 star hotels

- Generating $1.8M in revenue and $500,000 in net profit

- Fully fitted out kitchen with walk-in coolroom, walk-in freezer, huge dry store and staff locker room.

- 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 about this business please refer to: 


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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