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Restaurant and bar in thriving Collingwood – Exceptional location, under management

Description

Situated in a grand building, with an impressive façade, this established restaurant is currently run under management with the owner completely hands off. It is a destination for locals as well as benefiting from a large number of commuters and visitors to the area. This restaurant boasts a strong online presence and following, with frequent mentions by local media and fans alike.

A perfectly positioned Restaurant on a very busy street, with no discernible competition. Primed and ready for a new operator to continue to harness the amazing potential of the location which is not able to be replicated.

Operating only 5 nights per week (Tuesday to Saturday), and two days (Friday and Saturday), an opportunity exists here for an owner operator to capitalise on the busy day time street trade by adding breakfast and lunch time hours, and opening Sundays.

An exceptional lease is in place, with over a year remaining on the current term, and a further 11 years in options.

The restaurant is a large space, with multiple revenue streams incorporating a dining room with 70 seats, a central bar with 18 seats, and an outdoor section of 28 seats. Attached is the potential to reinstate a separate take away business, to which a ghost kitchen could be utilised to offer multiple brands for delivery platforms. Furthermore is potential to add a private dining room and ‘speak easy’ bar subject to STCA approval. As part of the set-up, the kitchen is duplicated for ease of take away, delivery and restaurant service. Four car parks on site add to the appeal of this incredible venue.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

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Note to buyers: This business is being sold by the owner with our support from GSE through our Six Steps to Sale Program this means that you will be dealing directly with the seller. 

GSE will send out information about the business for you and if you wish to view the business this will be arranged directly with the seller.

Request more information and complete the GSE Confidentiality Agreement Here.

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