Restaurant - Bar - Functions - CB1538

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$249,000

Description

<p>Restaurant, award winning and long established, presenting a cosy and intimate dining experience with a contemporary Australian cuisine menu. Showcasing local produce, and reflecting a commitment to quality and style, the premises presents with a choice of 4 separate areas, with seating capacity capable of providing for small groups to larger functions by combining the rooms. The menu offers a choice of a la carte, banquet or self designed degustation choices, and is an extraordinary voyage into a notable dining experience. The drinks list is a most comprehensive selection of local, regional and global wines and spirits and is overseen by the head sommelier. Kitchen is modern and well-equipped with 2 x walk-in coolrooms, freezer, gas 6 burner stove, grill, deep fryer and 2 x combi ovens.</p>

Potential

Target social media - Open for lunch Fri/Sat.

Features

Long established - Excellent reviews - Prime position - Long lease and good rent - Attractive hours - Strong local support - An award winning Canberra institution.

Premises

Attractive premises with an area of 400 sq.mts. and step-down access to separate dining areas. Rear access available, with ample storage and walk-in coolroom located at rear.

Location

Prime location in busy small shopping strip in delightful ACT suburb.

Trading Hours

6 days - Monday to Saturday: 5.30 pm to 10.00 pm.

Lease

Current 5 year lease commenced October 2022 + 5 + 5 + 5 years - CPI increases - Bond 3 months.

Employees

2 owners + 4 full timers + 3 casuals.

Comments

<p>Misc.- 1- Waste removal and security - 2 Group coffee machine owned by vendor and included - Security back to base alarm system - Booking software is residiary.</p>

SBX ID

CB1538

Figures
  • Takings: $20000/week (GST)
  • Cost of Goods: $6500
  • Gross Profit: $13500
  • Rent: $1650
  • Wages: $5000
  • Telephone: $50
  • Insurance: $70
  • Electricity: $350
  • Gas: $250
  • Misc 1: $100
  • Total Expenses: $7470
  • Nett Profit: $6030
  • Equipment (Included): $125000
  • Estimated Stock (Additional): $70000
  • All other values ex GST
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