Summary
This is an exceptional opportunity to take over a well-established high-end Authentic Modern Restaurant located in the heart of Canberra city.
Location Details
Braddon
About the Business
This is an exceptional opportunity to take over a well-established high-end Authentic Modern Restaurant located in the heart of Canberra city.
Seeking Genuine buyers, investors or chefs only.
This business ticks all the following boxes.
• High-exposure shop in premium location
• Surrounded by lots of residents, Airbnb, government offices, and Canberra Shopping Centre.
• Perfect for breakfast and all day dining.
• Currently catering for Fitness First and a few 5 star hotels.
• Welcoming seating and dining areas with 40 seats inside and 12 outside.
• Decent shop size with 140 sqm including 3 main toilets.
• Professional staff services and good customer reviews
• Fully equipped commercial kitchen, all equipment are selected from top brands such as Glacian, Luus, Cobra, Austream, FED, Thermastar, Washtech, Avil, Scotsman and Convernthem.
• This is a turnkey business (WIWO) with an asset value of $350,000, which exceeds the asking price of $290,000.
• The rent is about $7933 monthly,30% below the current market for this tightly-held retail precinct. The landlord has offered a 5 year lease extension from Mar 31 2026 to approved buyers.
• With a turnover of $750,000 in 2023 (only opening for 5 days per week) and plus one owner's annual profit, this restaurant has remarkable value and potential to grow, if the new owner operators can make the most use of weekends.
• Besides, a Liquor License will be a plus for formal meal or late night bar which will double the sales
The current owner is selling because she is devoting more time to her life style and family.
The vendor and the landlord require a statement of financial position provided by your accountant and a summary of your business experience to qualify your interest.
If you are interested in, please feel free to contact the following agent for more details.
James
0432 777 007
James.zheng@deltabusiness.com.au
Wechat: deltabusiness-sa
Facebook: Jimmy zheng
Disclaimer:
While every care has been taken to verify the accuracy of the details in this advertisement/profile of business, Zendam Real Estate Group T/A Delta Business-Adelaide CBD cannot guarantee its correctness. Prospective buyers need to take necessary actions to satisfy themselves of any relevant matters.
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