Cool Vegan Restaurant and Bar (Under Mgt), Newtown | ID: 1239

This is a rare opportunity to acquire a trendy vegan bar restaurant in the thriving F&B hub of Newtown. Currently run Under Full Management, the venue has been set up with culinary expertise and has been operating successfully for the past three years during challenging times for the industry. 

It is renowned as one of the leading plant-based restaurants in Australia.

The venue is extremely popular with vegans and also non-vegans who enjoy the food and the atmosphere. The local customer base is strong and due to the name and reputation customers travel from all over Sydney.

The business holds a rare Primary Service Authorisation license allowing the sale of alcohol without food under certain conditions.

Key Features include:

- Prime King Street location, with inspiring, intricate and modern fit-out over 120 square metres of internal space. 

- Fit-out designed by industry-leaders in the bar industry and provides abundant seating plus a fully equipped modern kitchen.

- Licensed for 95 people, with Monday – Saturday until 12am (Sundays until 10pm).

- Currently trading 5 nights a week (dinner only).

- Sales currently $12-14K per week , working towards $18K target achievement expected mid 2023.

- A generous 3x3x3 lease has been secured expiring June 2028.

- Current rent is $76K p.a + gst and includes all outgoings.

- Mexican-Peruvian fusion menu created by expert South American chef.

- Drinks menu is designed to beautifully compliment the food options with a focus on Pisco cocktails, premium Tequilas and natural wines. 

- Very Strong social media base and outstanding feedback from online review platforms.

- Australian Good Food Guide 2023 Readers’ Choice Award winner.

- All design, branding, social media elements are available and in place to ensure a solid platform of success for the new owner.

- All systems and processes, licenses, certificates and approvals in place. Bar is fully operational, compliant and expertly set up. 

Potential

-Running as a managed-business, significant upside could be enjoyed for an owner-operator. 

-Upside revenue potential in opening for weekend lunches, catering and increased corporate function or venue-hire trade.

-Attract late night patrons Friday/Saturday with live music.

-Opportunity to expand reach through PR, Facebook, TikTok, regular email comms and promoted events

-Potential to transition use (and license) to ‘Small bar’ should incoming operator wish to change use.

-The functional kitchen could easily support a variation in the current menu based on the owner’s creative ambitions.

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-1239
or visit our Website www.abbabusinesssales.com.au and use the reference #1239 to search for the business.

Please note: A stock image has been used and does not reflect the actual business for sale.