Contemporary Restaurant & Bar Restro & Bar - 5884

Description

Business type: restaurant and bar

Weekly sales: approximately $24,000

Premises size: approximately 360 sqm

Price: $320,000 plus stock at value

Business overview

Established restaurant and bar serving lunch, dinner, functions and casual drinks.

Customer groups: locals, families and nearby businesses

Trading history: established

Operating systems: established

Premises

Private dining room: 30 seats

Internal dining area: 90 seats

Balcony bar and alfresco area: 20 seats

Premises size: approximately 360 sqm

Car parking: ample

Recent refurbishments: completed

Location

Position: high visibility

Precinct: established and active

Team

Fully trained team: in place

Lease

Lease expiry: July 2029

Landlord: open to extension

Financials

Weekly sales: approximately $24,000 and increasing

Owner-operator profitability: stated as solid

Growth

Current sales trajectory: increasing

Further growth potential: stated

Sale

Price: $320,000 plus stock at value