Richmond Restaurant/Bar – Under Semi Management, 5 day lunch/dinner, Licensed, Profitable

Description

This Richmond Restaurant/Bar has cemented itself as a dining and bar destination across all the Hawkesbury region. Established for over 7 years and enduring fires, floods and the pandemic, this business has the solid foundations to be able to withstand any adversities. Sales, although impacted by the events, have returned to the levels of normal operations which confirms its loyal and frequent customer base.

This business is well equipped, has easy off-street parking and is located perfectly in Richmond. This business is well known in the area and is run under semi-management (the owner spends minimal time there) so it is perfectly set up for a continued and successful operation.

Fully licensed with a unique, inviting and popular offering. Operating the weekends only for lunch and Wednesday to Sunday for dinner. Current weekly sales are $13.5k per week (Jul 20-Apr 21) with a high value average transaction amount (over $85). A very low rent of approximately $964 per week. The option to live above the business is available with no further rent.

The Restaurant/Bar has a full commercial kitchen with a coolroom, several storage areas, grease trap and exhaust system. The indoor dining area has approximately 50 seats, with a further 40 seats on a separate floor and a courtyard that can accommodate 120 people.

The lunch and dinner menu is the same. It is ideal for families but also for group get-togethers and casual dinner or lunch outings and is in line with its branded identity. Fully licensed with a good selection of wines, spirits and beers and cocktails make it also a great meeting place.

A very attractive business with a loyal following. With a good turnover, low rent and run mainly under management, this business is sure to appeal to many.

This restaurant/bar operation is run well, mainly under management, but still has room to grow with extending the operating hours and the number of days or nights open. Extra focus on functions and catering is essential as the business is well equipped to dominate in this area. Utilising the plethora of delivery apps available can also increase the turnover and the branding of the establishment. Further profitability can be obtained from the reduction in wages and product purchases. For those that wish to open for breakfasts, the option is also available. The option to live above the business is available with no further rent.

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Business Listed by

Tas Dasios

Licensed Real Estate Agent and Business Broker in NSW @ GSE Business Consultants

Take-aways, restaurants and later cafes and car wash cafes have been an integral part of my life since childhood. I learnt the trades of hand cut chips, filleting fish, making burgers, being a barista, being a waiter, being a cook a...

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