Fully Licenced Bar/Restaurant | Long Lease | $23K Per Week Sales

$149,000 plus Stock

Description

A modern bar and restaurant for sale in a wealthy Inner South suburb known for its bustling nightlife. This Stylish venue is complimented with the highest quality, modern fit-out and the fully equipped kitchen needs to be seen to be believed, the business presents beautifully and no upgrades or investment are needed. Due to the impressive décor and large space, the venue is regularly booked for private events and parties.

With a long lease in place, operating four nights per week the business achieves average weekly sales of $23,000.

The broad layout could lend itself to a range of business models, from bar and restaurant to café or private events. Currently operated as a popular nighttime bar with a light food menu the venue is adaptable and could easily support new concepts. Additionally, a sheltered outdoor area offers a comfortable, year-round experience, and is nestled among neighbouring dining and nighttime venues. A place for people to see and be seen…

Liquor Licence in place: Approved for 264 patrons
Lease Terms: 5 x 5 lease, commenced February 2022
Space: 221m² indoor area, 74m² outdoor dining area
Rent: Affordable rate at $508 per square meter

The venue is currently trading, however this is an asset sale with limited financial information available.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Lease Info

5 x 5 year Lease commenced Feb 2022 Base Rent $9,365 per month plus GST and Outgoings

Trading Times

Wednesday – Saturday 4pm til late

Weekly Sales & Turnover

Turnover (inc GST)

$23,000

Reference No: KGKB1104

Business Listed by

Kristy Green

Hospitality Consultant and Sales Consultant @ GSE Hospitality Brokers

Over the past 20 years, my professional journey has been immersed in the dynamic world of hospitality, with a significant focus on the wholesale coffee industry.

That journey initially began in Sydney, where I cultivated my skills and my passion for the industry was born. In 2015, I relocated to Canberra, becoming deeply immersed in its unique and vibrant cafe and hospitality culture.

The last 13 years, have been dedicated to the wholesale coffee sector, working closely with cafes to elevate their businesses through the art of crafting exceptional coffee. My mission has always been clear: to assist cafe owners in achieving better results and fostering growth by enhancing the quality of their offerings.

What originated as a personal passion for coffee has naturally evolved into a broader passion to support and empower cafe owners. Beyond the pursuit of the perfect brew, my focus extended to assisting them in building more resilient businesses. This journey has afforded me the opportunity to observe and actively contribute to the transformation of the hospitality landscape.

With over two decades of hands-on experience, developing a wealth of knowledge and a steadfast commitment to fostering growth within the hospitality community. Whether through the refinement of coffee craftsmanship or the optimization of business strategies, my ultimate goal is to instigate positive change in the industry

I’m thrilled to now be working with the team at GSE, a business with a vision to enhance services in both consulting and brokerage for the hospitality industry. I’m excited to continue to support the Canberra cafe community.

Request more Information about this business

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I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

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Canberra ACT