Steakhouse with rotisserie-grilled meats carved tableside
Photos: LINK Business Brokers
At a glance
- Lease
- Until July 2027 with two further 3-year options
- Rent
- $16,500 per month (plus GST & outgoings)
About the business
A licensed steakhouse and restaurant serving rotisserie-grilled meats carved tableside, in Sydney close to the Darlinghurst precinct. It was established in 2019 and has seating for 250 guests. It is open 7 nights per week, with current hours of 5:30pm to 9:30pm. The lease runs until July 2027 with two further 3-year options. It is near an entertainment precinct and below a 12-storey residential building. A liquor licence is in place. It is fully equipped with quality equipment. The reason given for the sale is that the current owners are relocating interstate. The broker reports potential to expand into lunch service and a following for atmosphere, service and authentic dining.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$398,000
Paid by
Your cash$119,400
Secured loan, 7 years at 6.98%$278,600
Each month
Loan repayment$4,200
Repayments each month
$4,200
Over 7 years you repay $352,976, of which $74,376 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
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