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Newtown Restaurant – Enmore Rd, $22.5k, 5 nights/low hours, licensed, high profit

Description

The Inner West’s finest.

Prominently located on Enmore Road and adjacent to the Enmore Theatre, this casual yet upmarket restaurant is available for sale for the first time!

This is a well-positioned business in Newtown with a 4.2m street frontage with parking at the doorstep. Not many opportunities like these come to market regularly. Although the owner is involved in the day-to-day operation of the business, it is set up to be run under management as the current owner frequently steps away from the business and the processes and procedures are all in place.

The location has significant passing trade being on Enmore Road as well as a constant stream of local residents and Enmore Theatre patrons.

The restaurant serves a unique offering of ‘fusion cuisine’. Fully licensed, It boasts an impressive turnover of $22.5k per week with an average spend of $80 pax. Open 5 nights a week only for a total of 21 operational hours per week! Training is available.
The lease has 4.5 years remaining including the option and the total rent is approximately $1,950 plus GST per week. A further Option is possible for the new owner.

The opportunity here is to capitalise on the current constant sales, the location and the existing customer base. Opportunity for further day or night operation as well. Possibility of expanding seating capacity to upstairs area. Training is available!
has 8 years remaining including the option and the rent is $1,332 plus GST per week.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

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