Summary
Rare opportunity to secure a premium, established dining venue in the heart of the highly sought-after Bellerive Quay precinct. The business is fully licenced and has traded sucessfully for 10 years.
Location Details
The restaurant is in a standalone building with expansive waterfront views in Bellerive Quay, Hobart, Tasmania.
Potential
Premium Waterside Location: Capitalise on stunning river views, excellent visibility along the Bellerive boardwalk.
Fully Fitted Out & Turnkey: Save hundreds of thousands on fit-out costs. The venue features a fully equipped commercial kitchen, a stylish dining area and all the operational infrastructure and systems needed to start trading from day one.
● Brand Flexibility: Retain the established business name, brand, recipes and systems or easily transition the versatile space into a brand-new restaurant, bar or café concept.
Skills
Would suit an experienced hospitality operator / existing business looking for a turnkey expansion opportunity or a young entrepreneur seeking a premium location and venue to create their own long term vision. The timing to buy couldn't be better. Major construction is underway on the multi-million dollar Bellerive Ferry Terminal.This project will deliver state-of-the-art facilities for the hugely popular cross-river service, injecting a steady stream of daily commuters, Hobart CBD travellers and tourists past your front door.
Hours
Current Trading: 6 evenings and 2 lunches per week. A new owner could instantly boost turnover by expanding services
Lease
Secure Long Term Lease: New lease signed with 4 years remaining plus a 5 year option available.
Employees
Experienced existing employees. The business would also suit an owner operator / couple.
Reason for Sale
Some owners are retiring and remaining owners have decided to concentrate on one of their other businesses.
About the Business
Prime Waterside Restaurant Opportunity – Bellerive Quay, TAS
A rare opportunity has arrived to secure a premium, established dining venue in the heart of the highly sought-after Bellerive Quay precinct with 50 seats inside and a further 8 outside. Trading successfully for 10 years, this fully licenced venue offers a rock-solid foundation for an experienced operator or ambitious entrepreneur to step into a profitable, turnkey setup on Hobart's bustling Eastern Shore.
Whether you choose to continue running the highly popular Belles brand (all menus, recipes and IP provided) or bring your own bespoke culinary concept to life, this premier waterside spot is primed for immediate success.
Key Highlights
● Premium Waterside Location: Capitalise on stunning river views, excellent visibility along the Bellerive boardwalk and a highly desirable licensed dining destination vibe.
● 10 Years of Proven Success: Benefit from a decade of local goodwill, a fiercely loyal customer base and excellent brand recognition.
● Fully Fitted Out & Turnkey: Save hundreds of thousands on fit-out costs. The venue features a fully equipped commercial kitchen, a stylish dining area and all the operational infrastructure and systems needed to start trading from day one. There is also an upstairs office.
● Brand Flexibility: Retain the established Belles name, recipes and systems or easily transition the versatile space into a brand-new restaurant, bar or café concept.
● Long lease: New lease signed with 4 years remaining plus a 5 year option available.
Uncapped Growth Potential
The business currently operates on a highly lifestyle-friendly schedule (ie. limited opening hours) leaving massive room for immediate revenue growth:
Current Trading Hours: 6 evenings and 2 lunches per week.
A new owner could instantly boost turnover by expanding into full lunch services, weekend breakfasts and /or afternoon sundowners to capture the local weekend and waterfront crowds.
The Game-Changer: Local Infrastructure Boom
The timing to buy couldn't be better. Major construction is currently underway on the multi-million dollar Bellerive Ferry Terminal upgrade just 50 meters away. This project will deliver state-of-the-art facilities for the hugely popular cross-river service, injecting a massive, steady stream of daily commuters, Hobart CBD travellers and tourists directly past your front door.
History
10 years of proven success providing a decade of local goodwill, a fiercely loyal customer base and excellent brand recognition.
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