$245,000 + SAV ($20,000 approx.)
This unique and much-loved business, created by two friends, has been in operation since 2014.
The bar and restaurant, located on the ground level, has a warm ambience that is hard to find in other spaces. It has a strong European feel, with French, English and American influences and a menu to suit. Unlike many similar restaurants the menu is seldom changed, unless necessary.
The basement level, renovated in 2017, houses a cosy and chic cocktail bar / dining overflow, which could easily be converted into an impressive wine cellar if desired.
With a recent footpath redevelopment, the venue has been provided with more outdoor dining space, a more modern look, and new furniture has been obtained to make the best use of this space.
It also has a strong coffee trade, averaging 10-15kgs a week over the past few years and with more people returning to their offices, after the pandemic, this is expected to largely increase.
They have a strong repeat customer base with excellent reviews across numerous websites, and a very good following on social media with 2,600 followers on facebook and 1,300 followers on Instagram.
The business is highly profitable, easily run and an overall fun place to operate for a motivated new owner, partners, or a group wishing to boost their hospitality portfolio.
Tony Iasiello 0412 217 608
|Goodwill including Plant & Equipment||$245,000|
|Stock at valuation (approx)||$20,000|
|Year||Sales||Return to Owner||Return on Owner's Investment|
|Current Rent||$7,615 per month|
|Lease Term||5 years|
|Outgoings||Paid by tenant|
|Right of Renewal||1 (one) by 5 years|