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Iconic Goldfields Hotel for Sale – WIWO (Freehold and Business Assets)
Summary
Voted no 1... located in the heart of Kalgoorlie offers great food & drink, entertainment, and takeaway. For more details, please email the broker or call agents. for a confidential copy of the CIM
Rent
$132,000 pa
Location Details
Kalgoorlie WA
There could be several reasons why someone would want to buy the number one award-winning restaurant and bar in Kalgoorlie, Western Australia.
Potential
Western Australia accounts for approximately 10.0% of restaurants nationally at approximately 2,980 restaurants.
The restaurant industry is highly fragmented and is mainly comprised of small, owner-operated businesses.
The COVID-19 pandemic severely affected industry operations resulting in industry revenue growing at an annualised 0.3% over the past five years (including an anticipated 2.6% jump in the year).
The average weekly hours worked is expected to edge upward by 0.6% in 2022-23 favoring the industry.
2023 IBIS World
Skills
Hospitality: Bar Staff, Restaurant Chefs, kitchen hands, waitpersons, coffee shop, cleaners, admin & financial staff, and associated skills.
Reputation and Prestige: Owning the number-one award-winning restaurant and bar in a particular area brings a sense of prestige and recognition. It signifies the establishment has a strong reputation for providing excellent food, drinks, and service. This can attract a loyal customer base and enhance your personal and professional reputation as the owner.
Hours
Seven days a week.
Lease
current 3-year lease with a plus 5-year option.
Rent PA; $132K. outgoings; $36K
Employees
The owner and his management of 22 team members undertake the entire responsibility of running the business, including business development, company financials/administration, customer service, marketing, and operations.
Reason for Sale
Looking to relocate back to Perth and enjoy a well-earned retirement.
About the Business
There could be several reasons why someone would want to buy the number one award-winning restaurant and bar in Kalgoorlie, Western Australia. Some possible reasons include:
1. Reputation and Prestige: Owning the number-one award-winning restaurant and bar in a particular area brings a sense of prestige and recognition. It signifies the establishment has a strong reputation for providing excellent food, drinks, and service. This can attract a loyal customer base and enhance your personal and professional reputation as the owner.
2. Financial Success: An award-winning restaurant and bar is generating significant revenue and profit. By acquiring such a business, as the new owner, you can tap into an already established customer base and benefit from the existing brand recognition. This can lead to financial success and potentially high returns on investment.
3. Growth and Expansion Opportunities: Acquiring a successful restaurant and bar provides opportunities for growth and expansion. As the new owner can leverage the existing reputation and customer base to introduce new concepts, expand the menu, or open additional locations. This allows for increased revenue streams and the potential to dominate the market in the area.
4. Lifestyle and Passion: Some individuals may have a genuine passion for the food and beverage industry. Owning an award-winning restaurant and bar allows them to indulge in their passion while also making a living. It provides an opportunity to create a unique dining experience, showcase culinary skills, and contribute to the local community.
5. Tourism and Local Economy: Kalgoorlie, Western Australia, is a popular tourist destination due to its rich mining history and natural attractions. Owning the number-one award-winning restaurant and bar in the area can attract both locals and tourists, contributing to the local economy and supporting the growth of the tourism industry.
Ultimately, the decision to buy the number one award-winning restaurant and bar in Kalgoorlie, Western Australia, would depend on the individual's goals, interests, and financial capabilities.
All offers are welcome, please contact Robert Brown (Business Broker) for a copy of the Confidential CIM.
email; rob@gemproperty.net.au
History
The business was established in October 2019 and offers a casual dining experience with live music shows and different events on weekends.
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