Internal Ref: 6863
Summary
Purchase a Successful Business & a Widely Known Hospitality Name. Currently run Under Management. Ideal Hospitality Location with High Foot Traffic in the Area.
About the Business
Presenting a unique opportunity to buy a highly successful Bar & Restaurant and gain its huge social media presence and unique reputation. The financials speak to the success of the business, with a gross profit Margin in 2023 of 72%, and a net profit of Circa $580,000 for FY23. Its currently run under management with the owners spending less than 3 hours a week on the business. Located in one of the busiest hospitality areas in Perth, with high foot traffic going past. The business proudly boasts being the first crowd-funded permanent restaurant in Australia.
Key Factors;
Run Under Managment
72% Gross profit margin
High Social Media Following & Presence
Winner of a Major Hospitality Award in 2023
Please Contact Graeme Clarke to discuss further details of this opportunity.
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