$225,000 SURRY HILLS WINE BAR AND RESTAURANT

For sale: $225,000





Business Overview


In every crisis, there can be many opportunities that present themselves, this unparalleled wine bar and restaurant in Surry Hills is one of them.


A fully-managed, all-day dining venue offering modern-day cocktails, an extensive wine list, and simply delicious food.


Located in a high foot traffic area of Surry Hills, this business has always been extremely busy, especially on weekends. A complete re-brand and refurbishment took place approximately 18months ago where the vendor spent well over $600,000 on the premises.


Its strong turnover, high value of equipment, location, long lease, low price point and great reputation makes this a perfect investment opportunity, especially for a motivated bar enthusiast or restaurateur looking to take advantage of its foundations as we slowly steer out of the COVID-19 restrictions.


This business is ready to trade and the price has been reduced to reflect a discounted value of its assets, meaning a new owner will be able to depreciate against the full value they pay for the business.


This opportunity will not stay on the market long, so enquire now before you miss out.



Features


PSA Liquor License from

7am-12midnight

Long lease of 6+7yrs with rent

at 7% of turnover

Fully managed and professional team

Active database of 15,000 & strong social media presence

Recently refurbished fit-out with full commercial kitchen

Indoor and outdoor seating for

80+ guests

Detailed training systems, standards & procedures in place








Premises


Lease: Ends in September 2025

Annual Rent: $150,800

Seating Capacity: 80+ internal and external



Financial Information



Revenue: $1,745,270

Cost of Goods: $503,114

Rent: $150,800

Expenses: $254,876

Wages incl Super: $583,842


________________________________________


Net Profit / EBITDA: $252,638



*All figures are exclusive of GST

*12 months period pre-COVID-19









Buying a business is easy with Vision





"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process "


Daniel Kogan

(e)  daniel@vbaaustralia.com.au

(m) 0401 620 918

(t)   (02) 8923 2632


The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained on this business

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30 + years experience 

in operating, selling and buying

businesses

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(02) 8923 2632

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North Sydney, NSW 2060

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