Southside Licensed Bar | Sales $28/35k Per Week | Huge Growth Potential

$349,000 Plus SAV

Description

For sale is a prestigious bar and Restaurant located in a prestigious suburb in Canberra’s Inner south.

Space wise this business will tick all the boxes the most discerning buyer will be looking for with a large well appointed kitchen, elegant bar, comfortable heated and covered outdoor office and even a staff changeroom and office. The whole setup is exemplary with no expense having been spared.

The business offers a range of cocktails, an enviable wine list fresh beer and high end spirits and the menu is high end casual dining that appeals to local people looking for a great time.

The current owner is a highly experienced industry professional who has worked tirelessly to create a great offering and put the business firmly on a growth path with current sales around $40k per week.

The business will suit an experienced operator who may be coming to the end of their existing lease and looking to relocate to a larger premises, or looking to expand their brand will see the benefits in this beautiful and well positioned business.

The owner is currently rolling out order at table technology which he notes has had a huge impact on other businesses in his portfolio with increased ordering, more upsells and a lower labour cost and he believes this will continue to help drive the business.

My client has an expanding portfolio of businesses and recent acquisitions mean that he is considering his position. He has decided that the best move for him is to let this business while it is affordably priced and on a strong growth trajectory. It is priced to sell and I expect it to be snapped up quickly by a savvy purchaser.

With all of the hard work being done to establish the business all the buyer needs to do is keep things going in the current direction. Enquire now for an information memorandum.

*Please note that listing image is for advertising purpose only and for privacy reasons does not represent the actual business.

Lease Info

The lease is a 7x5x5 term that secures the business until July 2037 and the rent represents around 10% of turnover.

Reference No: RIQB1512

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

Request more Information about this business

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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