Asset sale and Leasehold for Calamari Restaurant and Bar

Urgent Sale

Asset sale and leasehold for Calamari Restaurant , Cafe & Bar in New Castle (New South Wales)

An exciting opportunity to purchase a modern Indian restaurant, cafe and bar in the prime location of Newcastle, NSW, with a solid foundation and room for growth. This sale includes a fully licensed restaurant and bar, offering a diverse dining and drinking experience, as well as a versatile all-day licensed café, perfect for coffee lovers and dining. A great investment for someone looking to own a well-established, fully compliant establishment with the potential for continued growth in a vibrant market NSW. We are offering this business for sale at a competitive price of $50,000, reflecting the opportunity to Capitalise on the existing assets and market demand.

The cafe if run with right management and marketing strategies there is a substantial opportunity for profit.

Business Overview

• Established: January 2024
• Business Type: Restaurant and Bar
• Size: Seating Area = 1,350 square feet
• Kitchen Area: 150 square feet
• Rent: $5500 per month
• One room plus bathroom accommodation available on top floor
• Seating Capacity: 50 people
• Lease Terms: 4 years and 1 month + a further term of 5 years
• Employees: 5 – 6
   

Current Opportunity for Profitability

1. Several improvements and market opportunities are set to turn the business profitable. Here are some key reasons why the cafe represents an attractive investment:
2. Turnkey operation and Customer recognition: Fully equipped and operational The cafe has built some customer base, with repeated business. This will provide a new buyer to capitalise on the existing market built in last 1 year.
3. Operational Adjustments: Recent cost-cutting measures, including renegotiating supplier contracts, streamlining staffing, Optimising inventory management, have already started to improve margins.
4. Licences and Permits:
   • Fully compliant with all health and safety regulations, ensuring a secure and hygienic environment for staff and patrons.
   • Food Safety License: Ensures all food handling and preparation meet regulatory standards.
   • Liquor License: Fully Licensed and approved to serve alcoholic beverages, opening opportunities for a high-margin revenue stream.
   • Operating Permits: Includes fire safety certification, municipal business permits, and any specific local compliance certificates required for operation.
   • Transferable Licenses: All licenses and permits are transferable, enabling a smooth transition for the new owner without administrative delays.
5. Revenue Expansion Opportunities: Potential to add revenue through expanding catering services for local events
    

Please get in touch with Sukhdeep Mangat to know more about the opportunity.

Listing ID: NSW11644

Broker Sukhdeep Mangat
Phone: +61 476 958 358
Email:  [email protected]

To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.

Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.

Stock photo images may be used to represent the business on an unidentified basis.

Purchasers are required to make their own enquiries in order to verify the information provided.

Ref: NSW11644

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