For Sale Restaurant Cocktail Bar And Function Centre Cronulla Sydney

Summary

This highly successful and profitable establishment has been in operation since 2015 and has developed a strong reputation for quality food and drinks, with over 70% regular customers. The business is split between corporate events, weddings, and the restaurant and late renown cocktail bar providing a stable and diverse revenue stream.
Located in Cronulla coastal suburb in Sydney South, a well-known function hub, the establishment has a lease until 2025 with an option for an additional 10-year lease with fixed 3% per annum increases. The weekly rent is $4,177, (8% of turn over approx) which includes GST. The business generates a solid average weekly income of approximately $50,000 with alcohol sales contributing around $15,000 per week. Cost of consumables is approximately 28% per week and staff costs are approximately 32% per week with confirmed future events and functions, this business guarantees a great kickstart to a secure income stream and cashflow.
The restaurant opens limited lunches and 6 dinners with demand to extend trade. Seating capacity of approximately 100 indoors and 20 outdoors. The sale includes all equipment and inventory, making this a turnkey opportunity for a new owner.
for further information and to schedule a meeting/inspection.
Overall, this business offers an excellent opportunity for an experienced restaurateur, ideal for a restaurant/hospitality group looking to own a profitable and established business in a popular location.
CONTACT AGENT Angelo Fournaris 0410 544 347 angelo@networkinfinity.com.au
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Disclaimer
The financial information and statements relating to the above business has been prepared based solely on the information supplied by the vendor to Network Infinity and therefore Network Infinity and the agent/broker does not guarantee the accuracy of such statements and financial information. Network Infinity will not be liable for such statements and financial information. Network Infinity strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business. Image used only for illustrative purpose to protect seller's privacy. It is in no way representative of the actual business or it's products.

$1,250,000

Food/Hospitality

Restaurant

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