Internal Ref: 118239727
Summary
Award-Winning Fine Dining Restaurant For Sale – Prime Canberra Location An exceptional opportunity to own a highly regarded fine dining restaurant located in one of Canberra’s most ...
Location Details
48 Macquarie Street
About the Business
Award-Winning Fine Dining Restaurant For Sale – Prime Canberra Location
An exceptional opportunity to own a highly regarded fine dining restaurant located in one of Canberra’s most desirable areas, surrounded by office buildings, hotels, and major landmarks such as Parliament House, the National Gallery, and the lake precinct.
Key Features:
-Operates under a well-established brand with a strong reputation (multi-award-winning)
-Over 3,500 Instagram followers and excellent Google reviews
-Versatile space – continue as a fine dining venue or easily convert to a café, casual dining, or other cuisine concept
-Modern, high-quality fit-out, with top-brand equipment
-Original fit-out cost exceeded $400,000, with most equipment purchased within the last 2 years
-Currently trading 4.5 days per week, with potential to grow the business by expanding trading hours.
-Strong lunch trade from nearby offices and tourist attractions
-Liquor License: Licensed for 80 indoor and 20 outdoor patrons, providing flexibility for events and dining.
Financials:
-Average annual turnover of $900,000+ over the past 4 years
-Two working owners drawing more than $300,000 p.a. combined, including add-backs
-Full financial reports available to serious buyers
-Lease: Current lease runs through 2029, with the option to extend or renew
-Rent: Competitive rent of $2300 +GST weekly.
Additional Benefits:
-Keep the existing skilled team to ensure a smooth transition
-We will provide a 1month handover period to help you confidently take over operations
-Perfect opportunity for young chefs or ambitious hospitality operators looking to own and grow their own restaurant – just as I did!
-Act now and take advantage of our peak season – Winter – a busy and profitable time for this venue
Reason for Sale:
We have recently welcomed a newborn and are seeking a better work-life balance outside the hospitality industry.
The Phone Code for this property is: 75016. Please quote this number when phoning or texting.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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