Upscale Cocktail Bar in Prime Newcastle Location

Description

Business type: cocktail bar

Location: Newcastle, New South Wales, Australia

Established: 2020s

Financial profile

Beverage revenue share: approximately 75% to 85%

Profitability: established

Products and service

Handcrafted cocktails: established

House-made extractions: used

Specialty ingredients: established

Table service: established

Premises

Private rooms: available

Separate level: included

Function space: available

Coffee equipment: already installed

Location

Neighbourhood profile: upmarket

Pre-dinner trade: established

Post-dinner trade: established

Direct competition: limited

Operations

Owner-managers: two

Full-time chef: one

Full-time front-of-house staff: one

Casual staff: used on busy nights

Growth

• Extend trading to seven days
• Add daytime cafe service
• Increase wedding functions
• Expand corporate events

Transition

Business status: turnkey