City Centre Restaurant | Temporada Fitout | Follow In The Footsteps Of The Best

$169,000 Plus SAV

Description

Many local Canberrans will by now have heard the news that the iconic restaurant ‘Temporada’ is due to close its doors in May after 10 years of trade and we are delighted to bring this exciting opportunity to market.

The business owner has decided that he will not sell the brand and intellectual property of the Restaurant and would prefer to sell the fitout alone which is one of the best of its type I have seen in quite a while

The Restaurant is fully fitted out with high end equipment, furniture, fixtures and fittings including a full commercial kitchen with all of the very best equipment you could need as well as a stylish and comfortable dining room and fully operational bar and the restaurant is licenced for 100 patrons in total . The restaurant also has the benefit of a spaciaous upstairs storage area and a private carparking space.

Anyone who has previously fitted out a high end Restaurant, will understand the expenses involved can be prohibitive so if you are looking for a new space for a restaurant and are looking for a site that has perfomed at a high level over a consistently long period of time then this absolute belter of an opportunity could be yours for an affordable price; you could potentially be in and trading within weeks.

The current rent is very affordable and is only $6,081 per month plus outgoings.

Lease Info

There are 5 years and 7 months left to run on the current lease.

Opportunity

This is a perfect opportunity for a new restaurant to open up with very little additional investment required and the space would suit a range of different cuisines. The first serious buyer to inspect will probably purchase.

Reference No: RITE0804

Business Listed by

Robert Illsley

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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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