King St Newtown Bistro – UNDER MANAGEMENT, $21k/week, licensed
$249,000 plus Stock
Description
Located on the iconic King Street, Newtown, this fully licensed Bistro/Restaurant/Wine Bar has captivated the local as well as all other foodies from around Sydney. A true destination and fast becoming an Inner West must-try experience.
Fully licensed, with footpath seating, this fully under management business commenced in 2021 and has thrived on its reputation ever since. Looks like new! Excellent online reviews and a great following. Operating 6 days a week (closed on Mondays and Public Holidays) for lunch and dinner (dinner Tuesday – Saturday; lunch Friday-Sunday), its sales have averaged $21.8k per week. With indoor seating of 48 and footpath seating of 8, it is the perfect business to be able to cater for the local residents, commuters, other businesses and Newtown shoppers.
Super competitively priced and with a highly motivated vendor to sell, this business will appeal to many.
This Bistro/Restaurant/Wine Bar is ready for a new owner to take the reins as an owner/operator, extend the hours of operation (and the subsequent product offering, including coffee to cater for breakfast/brunch). The addition of delivery apps and to open during Public Holidays and for dinner on Sunday will be sure to increase sales. Providing picnic hampers for the local park is also suggested. Great business to trade as is and to capitalise on the very successful operation by the current owner. This business is all set-up and ready to go.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Members only
Staff No
The business is currently run under management by: 1 x Full Time Restaurant Manager 1 x Full Time Head Chef 1 x Full Time Sous Chef 1 x Casual Head Waitress 1 x Casual Waitress 1 x Casual Supervisor 1 x Casual Kitchen Hand There are 59.5 operational hours per week. It is run completely under management.
Lease Info
The 6 year lease commenced on June 1, 2021. It expires on May 31, 2024. A further 3 year option takes the lease to May 31, 2027 - additional option upon application Rent: $1,020.50 per week 2.5% or CPI annual rent increases Security Deposit is two months rent
Trading Times
6 days a week Monday Closed Tuesday - Thursday 5:30pm to 10:00pm Friday - Saturday 11:30am to 10:00pm Sunday 11:30am to 4:00pm Closed Public Holidays A total of 59.5 operational hours per week.
Size of Premises
Approximately 106m2 lettable area. Large commercial kitchen with a grease trap, exhaust and Indoor seating capacity of 48 seats and 8 licensed footpath seats (8m2). One vehicle parking plus a dry storage area (approximately 10.m2) is on the lease. Fully licensed (including footpath). Built in 2021 – near new fit-out.
Opportunity
This Bistro/Restaurant/Wine Bar is ready for a new owner to take the reins as an owner/operator, extend the hours of operation (and the subsequent product offering, including coffee) to cater for breakfast. The addition of delivery apps and to open during Public Holidays and for dinner on Sunday will be sure to increase sales. Providing picnic hampers for the local park is also suggested. Great business to trade as is and to capitalise on the very successful operation by the current owner. This business is all set-up and ready to go.