All new restaurant & bar franchise within a new multi-purpose complex which includes international hotel and conference centre. Located in major regional centre. To sell at set-up cost.
Proven business plan and quality fit-out are designed to ensure high returns to suit either investor or owner operator. Currently under professional management, the restaurant seats 212 in 449sqm premises, including large veranda/terrace. This business has significant scope for growth and improved profit. Investors, ask about future development options!
10 year term, plus 2 x 5 year options
About the Business
Potential continued The development is the total refurbishment of a famous, historical and landmark structure that resonates in the lives of all 220,000+ inhabitants of the nearby region. It is nearing completion, and comprises an international hotel, conference centre, residential apartments and commercial suites with medical facilities, and includes a supermarket, food outlets and shops, plus numerous dining and nightlife venues.
The city is experiencing above average growth in population, and industrial and service industries. Currently the city's gross regional product (GRP) is over $3.7bn pa. This growth well exceeds the national average by 50%. The population growth is due to the natural birth rate, the region's attraction to economic settlers and to retirees seeking an improved lifestyle. The city boasts a major training hospital, university, numerous schools, and military bases, which assure continuous federal and state government overview and financial support.
Management Employees include professional management and the business is fully staffed by experience permanent and casual front-of-house, kitchen and wait staff.
Key facts about this restaurant and bar: - Highly successful franchise business plan - High growth and profit experienced within franchise group - Full training and corporate support - Under professional management with fully trained staff - Suit investor, or additional profits available to owner operator - Full liquor license - Well established website with menu - Website supported by continuous SEO enhancement - High exposure social media marketing support - All new quality, branded equipment - New international hotel and conference centre within the complex - Residential apartments, and commercial and medical suites - Supermarket, retail and food outlets - On site and adjacent dining and nightlife venues - Ample parking directly in front - Further growth options
Asking price includes cost of fit-out and establishment only, plus takeover lease of equipment.
For further information, please contact the undersigned:
Henry Wittenberg Business Sales Specialist Mentored Business Sales, Corporate Business Sales & Acquisitions M: 0435 142 1928 T: 1800 858 696 E: firstname.lastname@example.org
For more details go to www.mentored.business and use the reference ID 1940019 to search for the business.
Disclaimer: Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, director's benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.
Business categories: food, restaurant, franchise, business, cafe, coffee shop, takeaway, sydney, liquor license, bar