For sale is a long established and highly popular Restaurant that is located in a Southside suburb of Canberra.
This business has been run by the current owner for almost 2 decades and in that time he has built a loyal following of regular customers who come like clockwork to experience the food and hospitality that the business provides and the Restaurant is almost always fully booked for all sittings. Currently it operates over a 4 day trading period to suit my clients lifestyle and pace but there is sufficent demand that it could open 5/6 or 7 days per week.
Having used the business to build wealth over a long period of time my client is now looking to find a new owner to take over his lucrative and popular business. My client owns the building that the Restaurant is located in and he is prepared to either offer a low cost 5×5 lease or alternatively he will sell the building to the buyer at market value.
For many first time buyers it can be challenging to secure a commercial lease with landlord proving increasingly reluctant to assign to buyers without the percieved experience and so this is a rare opportunity to bypass that process.
Ideally the buyer will have cooking experience to take over my clients role but it isnt compulsory, there is a transition plan that can be put in place that will allow a front of house owner operator to take over the business and my client is willing to stay on to provide enough support and help to ensure that the buyer is up and running successfully.
This is an exciting opportunity for any buyer who is looking to take over a highly popular and profitable business with the added opportunity to purchase a commercial property.