Sold

Canberra ACT

Licensed Cafe and Restaurant | Prestigious Kingston Location | Long Lease

Description

For sale is a Licensed Restaurant located in the popular dining precinct at the Kingston Foreshore. The business has been trading since 2016 and has firmly established its brand presence in the local market.

The business offers a range of home made Burgers, Fried chicken salads, local beer and wine and more. The Restaurant accommodates 60 customers inside and another 77 outside with covered seating.

The current owners have made significant improvements to the business including updating parts of the fitout to keep the business attractive.

Turnover is currently around $15k a week under limited trading hours due to covid restrictions and when they reopen for brunch and lunch this will significantly increase (previous years trading figures show sales around $25k per week).

The owners have other business interests to focus on and have priced the business to attract a quick sale offering an opportunity to pick up the business at an affordable price and enjoy the benefits of a busy trading period in the run up to Christmas.

This is a profitable and affordable business with a strong brand and identified growth potential in a popular and prestigious location, all you have to do is take over and start making money.

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Lease Info

Size of Premises

Opportunity

Weekly Sales & Turnover

Wages

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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