Investment Potential! 2For1 Price Discount! Secure Your Future!Listing: #NSW09474
About this Business for sale in Eastern SuburbsInvestment Potential! 2For1 Price Discount! Secure Your Future!
An opportunity has come to market of not one, but TWO high end restaurant/bars overlooking the ever popular Bondi Beach.
Well-established, these venues have solid and reputable brands in the local Bondi community and have nurtured a loyal following of both local and international customers.
All the hard work has been done. A complete fit-out for both businesses has been completed with top of the range materials. With marketing in place for promotions, social media and 1st class front of house team with full knowledge on wines, cocktails and food, this hands-off investment opportunity is a breeze.
No setup costs required with ROI already there. Trade is increasing weekly with more regulars consisting of locals as well as tourists resulting in year-round profits. Already operating under management, the economies of scale operating both venues next door to each other means an increase in customer spend with the 2 businesses side by side.
Perfect for you, no other location beats the 2 balconies overlooking the stunning Bondi Beach.
Cafe/Restaurant: individual price $750,000
- $1M fit-out less than a year ago
- 6-day trade
Restaurant/Bar: individual price $795,000
- Only small bar license in the area
- 70-80% wet sales
- 10-year lease (8.5 remaining)
- $110K PA rental
- 80sqm premises
- 50+ seats (with potential for additional seating in the atrium)
- 4-7 staff
- Easily managed
Listing ID: NSW09474
Broker: Paul Helliwell
Phone: + 61 2 9899 1999 / 0419 015 046
To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09474
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
Keywords: Hospitality, Restaurant, Events, Functions, Food, Beverage, Bondi, Beach,
+61 2 9899 1999
+61 419 015 046
*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.