Trendy Surry Hills Bar & Restaurant, Fully Licensed, WIWO | ID: 1444
Trendy Surry Hills Bar & Restaurant, Fully Licensed, WIWO | ID: 1444
Industry :
Food/HospitalitySub Industry :
RestaurantLocated in the heart of Surry Hills on highly exposed Bourke Street, this fully licensed hospitality venue is offered on a Walk-In Walk-Out (WIWO) basis and includes a contemporary fit-out, commercial kitchen, liquor licence and quality infrastructure. A rare opportunity to establish your own concept in one of Sydney's premier dining and entertainment precincts.
Key Features:
- Premium Bourke Street Surry Hills location with exceptional exposure
- Positioned near the iconic Beresford Hotel, benefiting from strong day and night foot traffic
- Approx. 160 sqm hospitality premises
- Seating for 45 patrons indoors plus up to 60 alfresco
- Existing concept generating approximately $1.3 million annual revenue
- WIWO sale including fit-out, infrastructure and operational assets
- Fully equipped commercial kitchen with substantial storage facilities
- On-premises liquor licence for up to 100 patrons
- One dedicated on-site car space included
- Flexible use suitable for restaurant, cafe, wine bar, casual dining, or hospitality concept
- Trading approval to 11pm
- Lease commenced July 2024 with term through to July 2030
- Two further 5-year lease options available
- Rent only $15,345 per month plus GST (including outgoings)
- Fixed annual rent reviews of 4%
- Supportive landlord and favourable lease structure
- No specific cuisine restrictions, subject to landlord approval
- Premium infrastructure significantly reducing establishment costs
An Ideal Opportunity For:
- Owner-operators seeking a flagship Sydney hospitality venue
- Restaurant groups expanding into the inner-city market
- Cafe operators seeking a high-profile location
- Wine bar and licensed venue operators
- Franchise groups seeking a ready-to-go site
- Experienced chefs launching a new concept
Significant upside exists through extended trading, enhanced beverage sales and a fresh hospitality offering. With replacement fit-out costs likely far exceeding the asking price, this represents an exceptional opportunity to secure a premium, fully licensed hospitality venue in one of Sydney's most desirable dining precincts.
If you would like to know more about this business, please complete our online confidentiality agreement here: https://www.abbabusinesssales.com.au/ca-forms/ca-form-1444
or visit our website at www.abbabusinesssales.com.au and use the reference #1444 to search for the business.
Please note: Stock images may be used and do not always reflect the actual business for sale.
Property Code: 1444
Specialising in transactions from $1m, we can manage the sales process for you from beginning to end. This includes:
- Preparing your business for sale
- Formulating a marketing strategy
- Identifying and approaching prospective buyers
- Negotiating price and contract terms
- Facilitating settlement and handover
- Formulating the brief and your acquisition ‘criteria’
- Performing an internal review and researching the market
- Identifying, assessing and approaching acquisition targets
- Negotiating price and contract terms
- Overseeing settlement and handover
We’re often asked why it pays to engage a buyer’s agent. And the answer is simple.
- Sourcing finance
- Applying for tenancy
- Preparing a business plan
- Advising on tax
View other listings by this business
$99,000
Enquire about this business
Get In Touch :
Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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