Gungahlin Pub | Licenced for 210 | Huge Growth Potential

$250,000 WIWO

Description

For sale is a large licenced pub in Gungahlin that is for sale at a fraction of its fitout value. The pub has several licenced areas with inside dining areas and 2 covered al fresco seated areas.

The current owners of the business purchased the business less than a year ago having identified that the business was a bargain that had significant potential as we came out of covid but as they do not work in the business and have full time jobs, the reality of implementing the changes and improvements that the business needs to grow has been more than they can handle. They have therefore taken the decision to sell the business to somebody with the expertise and time to focus on implementing a growth plan.

This is an opportunity to take on a large and fully licenced premises at a bargain price point with the potential of adding hundreds of thousands of dollars worth of value to the business if you are successful. Gungahlin is a growing suburb and is crying out for a good pub of this type and there is huge room for growth and improvement for the right buyer.

Staff No

The business is fully staffed and the owners do not directly contribute hours on the roster.

Lease Info

The current lease runs until 2030.

Trading Times

Mon-Wed 4pm - 9pm Thu Sun 11am- 10pm

Size of Premises

The premises occupies 320 square meters in total.

Opportunity

There are several clearly identified areas for developing this business; The current trading hours are quite short and could be extended to allow the business to offer a breakfast and lunch menu every day which is something that other businesses in the ACT have had great success with. The current food offering is based on fried chicken and burgers which attracts a certain market but a more traditional pub menu would attract a more family friendly demographic and could dramatically widen the appeal of the business. There is an area of the premises that can be utilised for private functions and this is a powerful opportunity to go after group bookings and develop a new revenue stream.

Reference No: RIYF1210

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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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