For Sale

Sydney NSW

Iconic CBD Venue | Asset Sale

$300,000

Description

Premier Acquisition Opportunity:
This high-spec restaurant in the heart of the city offers a seamless “plug-and-play” transition for a new concept. This is an asset sale only; the IP remains with the owners.

1. Prime Location & Versatile Layout
High-Traffic Precinct: Situated in a high-foot traffic area with a sophisticated demographic.

Adaptable Footprint: Balanced dining and bar areas, perfect for a beverage-led or casual model.

Outdoor Appeal: Ideal for an “aperitivo” style wine bar.

2. High-Spec Infrastructure
Designer Fit-Out: Contemporary finishes and ambient lighting reduce immediate CAPEX.

Premium Storage: Integrated, climate-controlled sommelier-grade wine storage.

Commercial Kitchen: Fully equipped to support high-volume service or curated small plates.

3. Strategic Pivot Potential
The venue is uniquely positioned to transition from formal dining to a more casual wine bar or a different concept altogether, enabling streamlined labour costs and higher margins in line with current market trends.

4. Turnkey & Secure
Ready to Operate: Includes all high-end equipment and fit-out.

Secure Tenure: A 10-year lease is in place until October 2034.

This is an asset sale; the IP remains with the owners, some fittings belong to the Lessor, and the figures are indicative of trading only.

Lease Info

Commencing Date: 3 October 2024. Terminating Date: 2 October 2034. Term: 10 years.

Trading Times

Monday to Friday 12–9:15 pm Saturday 5–9:15 pm Sunday Closed

Opportunity

Note to Buyers: This is a meticulously maintained venue ready for its next chapter. Whether you maintain it as a restaurant or pivot to a premier wine destination, the foundation for success is already laid.

Weekly Sales & Turnover

Turnover (inc GST)

$50,337

Rent

$9,038.46 (plus GST)

Reference No: MGEPU0326

Business Listed by

Marc Gehret

Hospitality Consultant and Licensed Business Broker (NSW) @ GSE Hospitality Brokers

I have over thirty years of experience in the hospitality industry, I started as an apprentice chef in 1993 in Switzerland.

My career has taken me across Europe and Australia and allowed me to gain knowledge and experience in many areas of the industry. I have supported the successful launch of many venues, including hotels, restaurants, coffee shops, and high-volume food production services.

I have owned, operated, and sold two of my own hospitality businesses in Sydney and I have coached and trained many staff.

My coffee shop in Crows Nest on the North Shore of Sydney gave me a great insight into operating and managing an Australian business as well as a solid understanding the good and bad from the owner’s perspective.

My second business, The Fit Chef, a meal preparation company that I operated for seven years taught me a lot about how to keep costs under control. As the meals with a business like this are typically sold for considerably less than in a sit-down venue I refined my financial costing and COGs management skills.

My varied experience has shown me that adjusting to each individual business is crucial, I fully appreciate that each client’s needs are different.

Working in the hospitality industry has enabled me to develop my customer service skills, I pride myself on having a positive and professional approach with everything that I do.

My focus has always been on helping people achieve their goals. I am pleased to now have the opportunity to support the industry from a new perspective with GSE. My goal is to help my clients, whether they are selling or buying to make the process as easy as possible.

Request more Information about this business

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I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach the landlord, property managing agent, any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

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