Low Rent on the North Shore | 82 Square Metres | Asset Sale Only | Wine Bar/ Restaurant Fit-Out!

$199,000 plus SAV

Description

A wine bar that has made its mark on the Lower North Shore is now for sale for the first time since its opening in 2017. Trading only four nights per week.

The owners established this bar and restaurant seven years ago, quickly gaining a positive reputation not only among locals but across the entire North Shore. It is known as a place where you can enjoy carefully sourced wines and a delightful meal, all within a beautiful ambiance.

Operating only four nights a week, this venue has ample capacity to accommodate larger crowds. It is well-suited for extending its operating hours and offering additional services. A highly favourable lease adds to the attractiveness of this business. Situated in the heart of the Lower North Shore, the location benefits from significant foot traffic and a loyal customer base that returns weekly.

This is an asset sale in the sense that only limited financial information is available.

Key Features:
• Low rent
• Lease until 2032
• Full commercial kitchen
• Free outdoor seating
• CCTV security system
• Rubbish removal included in rent
• Liquor License

Staff No

One full time three casuals

Lease Info

Commenced 08/2017 with two five-year options until 08/2032

Trading Times

Monday Closed Tuesday Closed Wednesday 5 to10 pm Thursday 5 to10 pm Friday 5 to10:30 pm Saturday 5 to10:30 pm Sunday Closed

Size of Premises

Approx. 82.5 square meters 39 seats inside & 15 seats outside

Opportunity

An opportunity to take on a venue that is highly renowned, with exceptionally low rent considering its location, and the possibility to extend opening hours. Established as a wine bar with excellent food, this business is ideal for a hands-on front-of-house or chef operator due to its open kitchen layout. Alternatively, it could appeal to a larger operator looking to adopt and expand upon its successful concept.

Weekly Sales & Turnover

Wages

$3,500 on average

Turnover (inc GST)

$10,000 on average

Rent

$788 plus GST

Reference No: MGLRR0824

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 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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