THE BUSINESS FOR SALE $385,000 + SAV

(LEASE THE PREMISES @ $2,900 per week net OR BUY THE PROPERTY FOR $3.1M)

The BUSINESS:
The Vanguard @ Newtown is a fully licensed trendy Soho’ style restaurant/bar with POPE approval as a live entertainment venue.
The Vanguard is Sydney’s best known Jazz, Blues and Roots Music Venue and elegant and stylish Restaurant/Bar in the heart of vibrant King Street’s fashionable restaurant, cafe and entertainment strip. The interior decor is elegant 1920s style with a program of well known and popular artists booked well into the future. There is also a huge mailing list of regular customers and patrons eager for news on the exciting line up of future artists.
You could be in Soho or Manhattan’s nightclub district with the eclectic atmosphere of Newtown’s cosmopolitan night life. The Vanguard @ Newtown has been extensively refurbished and features:

Unique format/business model
Large stage and back stage area
Great reputation/goodwill
Fully ducted reverse cycle commercial air-conditioning
Fabulous Chefs kitchen
Enormous quantity of plant and equipment
License to serve alcohol to patrons without eating
Trading 5 nights per week from 6.30 pm till late
POPE Approval for 150 patrons
Turnover approximately $1,500,000 pa / $30,000 pw
Seats 150 patrons with potential for 220 (S.T.C.A.)
Currently operated by 4/5 full time staff
Fabulous Sound System and Audio Visual setup
All liquor licences and approvals and plant and equipment are included in the sale
Enjoy the benefits of a well established existing business with potential for further growth.

THE PROPERTY:

Located at 42 King Street, Newtown is an excellent opportunity to acquire a 3 level building of approximately 440 sqm of floor space and over 323 sqm of land. The property has a frontage to King Street of 10 metres (approx.) and is zoned General Business 3A. The property is also located within walking distance of Sydney University, the RPA Hospital Complex and UTS. A most sought-after commercial/retail building and blue ribbon position