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Price: Price: $180,000 + Stock

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Key Sale Highlights

  • Longstanding Beautiful Lounge Bar/Restaurant, Amazing Location and Incredible set-up!
  • Great potential to grow as, currently only operating short hours.
  • On offer is a beautiful and modern lounge Bar/Restaurant established in early 2020
  • Located in a very busy and popular shopping Centre in the Sutherland shire
  • It is reputed for its excellent service, cool cocktails and great food
Khoa Pham

Proudly listed by Khoa Pham

Broker Firm

Business Overview

Listing Number: 1AU053 Longstanding Beautiful Lounge Bar/Restaurant, Amazing Location and Incredible set-up! Great potential to grow as, currently only operating short hours. Asking price $180,000 On offer is a beautiful and modern lounge Bar/Restaurant established in early 2020 and located in a very busy and popular shopping Centre in the Sutherland shire. It is reputed for its excellent service, cool cocktails and great food. Currently staff operated only. Only trading for 3 dinner services and 1 lunch service. Long Lease until 2026 with an option to renew for further 5 years. Amazing setup and all the kitchen equipment are in good condition. Space to sit around 80-120 guests, with outdoor space available. Fridges, freezers, POS systems and monitors for menu are in place. Toilets and separate storage room on premises Full training provided and easy transition. This is great opportunity for Owner operator. Excellent opportunity, vendor asking price is just $180,000. Revenue and Expenses Sales- $52,000/ month approx. with current short operating hours on weekdays. Rent per Month = $12,000/month Wages expenses = $15,170/month approx. Monthly net earnings before tax= $8,870/month approx. Potential Increase the trading hours. Open for mornings as a licensed café/restaurant. Introduce the delivery platforms. Expand the menu and the offerings. All above should increase the volume of sales per month. Cost to Acquire Business: $180,000 Plus SAV. 6 months lease bond 1month rental advance Legal fees for buying the business and lease transfer cost. The Purchaser to make his/her own investigations and inquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf. Keywords: Lounge Bar/ Restaurant

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Confidentiality Deed Poll *

BACKGROUND

A. The undersigned is desirous of obtaining the Promising Information from the Prospected Business Owner.

B. The Prospected Business Owner will provide the Confidential Information to the undersigned on the terms of this deed.

C. The Prospected Business Owner has required the undersigned to execute this deed when the Prospected Business Owner will provide Confidential Information to the undersigned, prior to the Prospected Business Owner providing Confidential Information to the undersigned.

TERMS AND CONDITIONS

The undersigned agrees as follows:

  1. That the Prospected Business Owner is the sole owner of such Information, and such rights, therein as are now owned or hereafter develop or are acquired by the Prospected Business Owner in connection with the Proposal Transaction and all Confidential Information derived to the undersigned.
  2. That by receipt of such Information, by the undersigned from the Prospected Business Owner, the undersigned acquires no proprietary interest in the Information (and where the term "Information" is used in these conditions, it means the information not already in possession of the public).
  3. That all such Information received by the undersigned from the Prospected Business Owner or from others who advise the Prospected Business Owner, both written and verbal, furnished to the undersigned by the Prospected Business Owner, is by its nature and is considered Confidential Information, and further will be provided in confidence and is to be held by the undersigned and used by the undersigned only at such time that the undersigned is considering the Proposed Transaction.

In the event that, unless the contract becomes effective, the Information is herein, confidential information, then all such Information and the terms of this Deed are subject to the confidentiality provisions of such contract, and

  • Will use the Information exclusively for the purpose of evaluating the Proposed Transaction, or if pertaining to the other party of the relationship of the Prospected Business Owner with the undersigned, only through the process of evaluating the Proposed Transaction or at present for the world doing contract1.
  • In written form is WRITTEN/SIGNED/SENT electronically if Vendor & SIGNED BY the undersigned clause C/P:

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