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Wine Bar & Restaurant, prime corner location in inner city Redfern
$699,000 Negotiable
A very busy Wine Bar & Restaurant, prime corner location in trendy inner city Redfern.
Rare opportunity, first time offered in 7 years. Stable, loyal clientele. $699k.
Revenue
$1,7mil pa turnover
$250k+ pa (in owner wages & profit)
Rent
158k pa (9% of total turnover), long lease with further 5 year option;
Location
Unbeatable corner location in the heart of Redfern - hot dining precinct on the CBD Fringe;
Council approved seating along two street fronts;
Redfern station 2min walk, new Waterloo Metro Station 5 min walk.
Close to corporate head offices in Eveleigh and event space Carriageworks;
Hours
5 days, Tues to Sat (dinner 5 nights, lunch Fri & Sat)
Plenty of scope to increase turnover with hours and/or functions;
About the business:
Very rare opportunity to acquire a much loved, well located and very busy small bar in one of Sydney's best destination wine & food suburbs. Excellent lifestyle business, currently trading 5 days and returning an excellent owners wage + profit. Fully fitted out kitchen with exhaust, plenty of storage, well set up and easy to run wine bar.
Well established kitchen & bar team - focus on Australian Wines and seasonal produce. Excellent supplier contacts.
Responsive instagram/social media presence of over 10k followers, excellent google reviews. Winner of a Time Out Bar Award on opening.
This is a dream business, already set up and succeeding in a very tightly held part of Redfern. All books, receipts and tax lodgments available.
Call or text to discuss further.
Rare opportunity, first time offered in 7 years. Stable, loyal clientele. $699k.
Revenue
$1,7mil pa turnover
$250k+ pa (in owner wages & profit)
Rent
158k pa (9% of total turnover), long lease with further 5 year option;
Location
Unbeatable corner location in the heart of Redfern - hot dining precinct on the CBD Fringe;
Council approved seating along two street fronts;
Redfern station 2min walk, new Waterloo Metro Station 5 min walk.
Close to corporate head offices in Eveleigh and event space Carriageworks;
Hours
5 days, Tues to Sat (dinner 5 nights, lunch Fri & Sat)
Plenty of scope to increase turnover with hours and/or functions;
About the business:
Very rare opportunity to acquire a much loved, well located and very busy small bar in one of Sydney's best destination wine & food suburbs. Excellent lifestyle business, currently trading 5 days and returning an excellent owners wage + profit. Fully fitted out kitchen with exhaust, plenty of storage, well set up and easy to run wine bar.
Well established kitchen & bar team - focus on Australian Wines and seasonal produce. Excellent supplier contacts.
Responsive instagram/social media presence of over 10k followers, excellent google reviews. Winner of a Time Out Bar Award on opening.
This is a dream business, already set up and succeeding in a very tightly held part of Redfern. All books, receipts and tax lodgments available.
Call or text to discuss further.
- Date Listed:23/04/2024
- Last Edited:23/04/2024
- Business Type:Food/Hospitality
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