For Sale $50,000 WIWO
Property Details

For Sale $50,000 WIWO
Description

Inner West Restaurant

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Looking to take over one of the best restaurants in Newtown and put your name to this desirable location in the Inner West?

This very profitable business is ideal for a chef owner looking to add to their portfolio of success or as their first time venture. Currently trading only 5 dinners and 1 lunch that can sustain a work life balance or open breakfast & lunch and watch the money roll in. The restaurant has an accoldade of excellent reviews across social media network & review platforms Facebook 4.9/5, Google 4.6/5, Tripadvisor 4.5/5, Dimmi 9/10 and Time Out 4/5 to name a few.

Located on the south end of King Street only blocks away from Newtown train station this casual licensed café/restaurant & bar is a warm and inviting space. An alfresco frontage with bi-fold windows & an open kitchen & bar.

There are approx. 20 seats outside and 40 inside the café is approx. 65 square metres.

The fit out consists of a mixture of high stools & tables and 2 x communal bench style wooden tables, contemporary lighting with bright colour interior giving off a coastal beach vibe.
The premises has a Primary Service Alcohol licence (meaning no food is required to be consumed while drinking) double kegerator, under bench fridges, glass washer, shelving for your liquor display & glassware for 60.

The small kitchen is open so customers are part of the theatrics of chefs cooking & the beautiful aromas they create. Grease trap (serviced regularly), Oven, 4 gas burner, plate & two deep fryers, & under bench refrigeration & dishwasher. Plates & Cutlery for 60. Dry store/Office & Cool room located at the rear of the building.

Rear lane access with the space for two cars. Delivery van is included in the sale.

CCTV & Alarm, surround sound system, Air Conditioner, Built in External Heaters (for winter), iPad & iPad mini, Revel POS system.

Due to family circumstances, the current owners are looking to move back to their homeland.

Opportunity
Is endless, this space can adapt depending on your vision.
The hours can be expanded, delivery accepted & offsite catering.
Start trading straight away, nothing to spend.

Property Features
309 views

One Response

  1. I am interested in the cafe shop. I want to visit the shop. Please send me the address.

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Years Est


Years With Current Owner


Staff No
1 Manager 1 Chef 1.5 Kitchen Hand 1 Maître 2 Floor staff

Lease Info
2.5 remaining plus a 3 year option– 3% increases – A 3 month bond is required.
Rent is $1480 (incl gst) per week + 50% council rates and general utility outgoings


Trading Times
Liquor trade Monday to Saturday 10am-midnight & 10am-10pm Sundays.
Currently open Wed-Sat 5.30pmtill late & Sun midday till late.


Size of Premises
65 square metres. - Full commercial kitchen. Outdoor seating area.

Opportunity


Note to buyers


Seats Inside
40 inside

Seats Outside
20 seats outside

Stock Value