LINK Business Brokers Australia

About this Business for sale in Manly

Key features of this opportunity: 

  • Turnover $2.4 million (approx.)
  • Profit $400k (approx.)
  • 130+ seats with large outdoor dining/drinking area
  • 8+ years lease (minimal)
  • $3,000 weekly rent.
  • $300k re-fit just completed.
  • Unique fully equipped live music atmosphere as part of the bar

Well-established over 20 years and well-known bar and restaurant.

  • Welcoming premises with quality fit-out and recent upgrades and a seating for approx. 130+ patrons across internal and external areas.
  • Licenced footpath seating for 48 at the front of the venue. Large bi-fold doors lead into a spacious restaurant with full bar and covered courtyard area.
  • Casual dining menu with broad appeal to cater to breakfast / lunch / dinner and families.
  • Lease with 3 years left to run, plus 1 x 5-year option (opportunity to get a further option)
  • On-premises licence with much sought-after Primary Service Authorisation (allowing the sale of liquor without food) with excellent selection of beers, wines, spirits and cocktail menu.
  • Strong revenue and run under management.
  • Well-equipped, nothing to spend (just undergone major internal renovation in late 2020 – $300k+)

Listing ID: NSW09725

Broker: Paul Helliwell
Phone: 0419 015 046
Email: paul.helliwell@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09725

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Listing: #NSW09725
Price: $1,150,000
Profit*: $400,000
Sales Revenue: $2,400,000
Northern Beaches, Manly
Leisure/Entertainment, Bars/Nightclubs
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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