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.
Members only
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.