For Sale

Canberra ACT

Kingston Restaurant | $20k WIWO a week Sales | Priced to sell

Description

For sale is a long established Restaurant located in one of Canberra’s most popular suburbs for food businesses.

The restaurant opened 15 years ago and the current owners have operated the business for the past 6 years. They are open to selling the restaurant as it is or a buyer with their own idea can purchase an established business with a strong reputation and good infrastructure.

The current offering is traditional Australian Chinese food and the business has a strong local following with many regular customers but the business is priced such that a change of cuisine would be viable.

An ambitious buyer looking to either grow the existing business or enter into the popular dining precinct of Kingston with their own offering will see that this as affordable to purchase with a competitive lease.

The current operator achieves $20k a week based on in store sales with no deliveries which is an obvious potential revenue stream.

This is an affordable and well established Restaurant that anyone looking for a popular venue will benefit from.

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Lease Info

Trading Times

Weekly Sales & Turnover

Net Profit​

Turnover (inc GST)

Rent

Business Listed by

rob-illsley-800x800

Hospitality Consultant, Licensed Business Broker Canberra ACT @ GSE Hospitality Brokers

Robert Illsley is a licensed Real Estate Agent running the NSW Regional and Canberra office of GSE Business Consultants who specialise in selling food businesses.

I am very passionate about hospitality and have been involved in the industry for much of my working career. I trained as a Fine Dining Restaurant Manager and I have also been involved in the Wine Industry having spent 6 years working for one of th UK’s most well respected merchants.

In 2014 I set up my own specialty coffee shop which I ran for 4 years and I discovered a passion for broking when I came to sell my business. After a couple of bad experiences with brokers I discovered GSE and Paul showed me the right way to sell a business and he helped me to achieve a great price for my café in a reasonable time frame.

I understand that café owners are hard working people and when it comes to selling you want to entrust the sale to somebody who is as passionate about your business as you are.

I believe that selling a business works best in partnership between the broker and the seller and I work hard to gain an intimate knowledge of how your business works and what makes it special and unique and my passion and knowledge for the industry allow me to speak with authority when I am talking to buyers.

It is never too early to develop an exit strategy so if you have been thinking about selling or just want some help to understand what the process will be like when you do, then don’t hesitate to get in touch with me at any time.

Robert Illsley 0415 243 750

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