Funky wine bar

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Web ID: F4785

Business Description

Ever wanted to own a bar?!

This funky local wine bar is perfect for a working couple or mates looking for an adventure.

They offer great wine, cool vibes, unpretentious service and the best fresh produce South Australia has to offer. Licensed for 50 inside and 20 outside, operating 4 nights a week and open for private functions on Saturday nights.

This space was designed with versatility in mind, the smooth lighting and exposed brick walls, have created an urban warmth and relaxed atmosphere. It should be Friday night every night!

The business oozes potential and options and the best part is, it needs new owners.

At a glance

  • Open 4 nights a week
  • Opportunity to open for more functions
  • Just over 2 km from CBD
  • Licenced for 50 inside and 20 outside
  • Turnover in excess of $5,000 per week
  • Rent $2,399 plus GST per month
  • Low wages
  • Perfect for a working couple
  • Plenty of room for growth.
Melanie Winter 0408 085 932

 



Extended Price Information

Goodwill $51,161
Plant & Equipment $51,839
Stock at valuation (approx) $7,000
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$110,000


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Staff Summary

Two vendors and three casual staff

Lease Summary

Current Rent $2,398.23 per month excluding GST
Lease Term 3 years
Lease Commencement 1st December 2014
Right of Renewal 1 x 3 years
Outgoings Paid by tenant
Adjustments CPI annually and to market at renewal
Bank Guarantee $7,425.00

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Plant & Equipment

Original Cost of Plant $67,111
Written Down Value of Plant (approx.) $51,839
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