Manly Restaurant & Bar Premises | Bargain Price | Recently Refurbished

$55,000 WIWO

Description

For sale is this very affordable opportunity to acquire a fully fitted licenced restaurant and bar set within the famous beachside suburb of Manly where all chefs, cooks and astute buyers can create their own brand.

This near new business is currently trading as a successful pizza restaurant, however it is being sold purely for its high end fit out, substantial inventory and lease assignment.

As a highly attractive business opportunity, priced well below fit-out cost this won’t be on the market for long!

Located in a vibrant area throughout the day with heavy footfall, it is also a hot spot for evening trade with families, young professionals, retirees and tourists all looking for a place to dine.

Situated within an attractive heritage style building with its own off-street parking, this fully licensed restaurant can seat 40 customers plus an additional 15 can dine alfresco within a cosy outdoor dining area. The bar area already has a system installed with 6 wall taps connected to the cold room for keg operation.

The 45 sq meter interior is clean and stylish with an industrial vibe, plus an additional 17sq meters of space which houses a full commercial kitchen, huge walk-in cool room plus two decent size storerooms.

Having only been established 12 months ago, the premises and equipment are in pristine condition, with most still under warranty.

There are two years remaining on the current lease with an extremely competitive rent in place as negotiations took place during the COVID 19 pandemic.

Currently trading 7 days per week and known for selling great Brazilian style pizzas, cocktails and beers, a change in name, cuisine or operation (cafe, restaurant, wine bar, dark kitchen/catering) is easily done and at minimal expense.

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

Lease Info

2 years remaining on current lease

Size of Premises

45 sq metre interior plus 17 sq metres of commercial kitchen space and an additional outside seating area

Weekly Sales & Turnover

Rent

$5,150 plus GST per month

Reference No: PLSSMPS01

Business Listed by

Paul Leach

Hospitality Consultant, Certified Exit Planning Advisor, Licensed Business Broker in NSW, SA, QLD, VIC @ GSE Hospitality Brokers

I grew up in the food business, my parents owned two very successful restaurants. I have fond memories of working alongside them from a very early age.

All through my school years I knew that I wanted to be a part of the hospitality industry and the day that I started at college could not come quickly enough. I spent three enjoyable years learning my trade and left college to join my parents in their second restaurant.

In 1992 my parents decided that the time was right for them to sell up and I felt it was also the right time for me to go out on my own.

In 1993 I opened my first Cafe called “Hogarth’s” and that is where it all began. Over the following 25 years, I built and sold nine food businesses. I loved every minute (well most of it) and learnt a lot about how the sale process works, I also learned some very valuable lessons.

I love the food industry and wanted to crack double digits and open shop number ten, unfortunately, the two things that I value the most in my life, my marriage and my health probably would not have lasted if I had done that so I called it a day

I always felt that there was a better way to sell cafes and food businesses and that is where the idea for GSE came from. My vision was to build a specialist firm of hospitality brokers that could make the sales process as straightforward as possible for the owners of hospitality businesses in Australia.

I am now using the experience I gained selling my own businesses as well as selling a lot of other people’s businesses to lead the team of very talented brokers at GSE.

I would love the opportunity to show you more about how the approach that GSE take can help you to sell your business for the price that you want and on your terms.

If you are looking for a specialist Hospitality Broker who has walked the walk and fully understands the industry and all of the nuances of the sales process then I would love to hear from you.

Request more Information about this business

First Name*
Last Name*
Phone Number*
Email Address*
Your Message
Consent*
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.

Furthermore, we want to emphasize that your consent to receive marketing communications from GSE is entirely voluntary, and you have the option to opt-out at any time. In every marketing email sent by GSE, you will find a convenient unsubscribe link that allows you to manage your preferences and cease receiving such communications. We respect your privacy and strive to provide you with a seamless and flexible experience tailored to your needs.
CAPTCHA
This field is hidden when viewing the form
Google Ads?
This field is hidden when viewing the form
Google Ads GCLID

Sold

Sydney NSW