Internal Ref: 118245171
Summary
Established North Hobart café for sale. Trading since 2005 with an experienced team, prime hospitality precinct location, minimal owner involvement and lease security.
Location Details
392-394 Elizabeth Street
About the Business
A rare opportunity to acquire one of North Hobart's most recognised and long-established cafés.
Established in 2005, Raincheck Lounge has been a fixture of Hobart's hospitality scene for more than 20 years, building a loyal customer base, strong brand recognition and an enduring reputation for quality coffee, great food and warm hospitality.
Positioned in the heart of North Hobart's thriving dining and entertainment precinct, the business benefits from exceptional visibility, strong pedestrian traffic and a highly desirable location surrounded by restaurants, the State Cinema and a range of complementary businesses.
Raincheck operates as a successful seven-day daytime café with an experienced team in place and minimal owner involvement in day-to-day operations. The business includes established operating systems, cloud-based point of sale technology, integrated online ordering, a fully equipped commercial kitchen and longstanding supplier relationships.
The current owners have deliberately simplified the operation by focusing on daytime trading, creating a significant opportunity for an incoming operator to expand opening hours and further increase utilisation of the venue. Previously offering dinner service, the business provides a strong foundation for growth without the establishment costs associated with a new hospitality venture.
Key features include:
• Prime North Hobart location
• Seven-day operation
• Experienced team in place
• Minimal owner involvement
• Fully equipped commercial kitchen
• Established systems
• Strong local brand and loyal customer base
• Lease to 5 December 2027 plus two further 5-year options
• Significant opportunity to expand trading hours and revenue
After many successful years in hospitality, the owners are consolidating their business interests and focusing on other projects. This presents an outstanding opportunity to acquire a proven and highly regarded hospitality business with strong foundations and considerable future potential.
The Phone Code for this property is: 68468. 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 Pty Ltd (forsalebyowner.com.au) 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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