About the Business

Exceptional Restaurant & Bar Opportunity in Launceston CBD

Step into a thriving foodie institution nestled in the heart of Launceston City, Tasmania. This award-winning restaurant bar, with a legacy spanning over 30 years, presents an unmissable opportunity for discerning buyers looking to acquire a highly reputable business with a proven track record of success. Situated in a prime corner location within the bustling central CBD, this establishment is perfectly positioned in a burgeoning food precinct adjacent to numerous accommodation venues, making it a popular destination for both locals and tourists alike.

The restaurant boasts a substantial 100 seating capacity inside, providing a spacious and inviting atmosphere for patrons to enjoy exquisite meals and expertly crafted beverages. Additionally, the outdoor seating area accommodates 50 guests, offering an al fresco dining experience that takes advantage of Tasmania’s pleasant climate and charming city views.

One of the notable advantages of this business is its minimal owners' hands-on daily operations. The current management structure is supported by a team of experienced staff, with flexible rostering systems in place. This setup affords owners the luxury of enjoying personal time off as desired while still maintaining smooth and efficient business operations.

A significant potential for expansion lies in the unused upstairs space. This area presents an exciting opportunity to increase the business's footprint and revenue streams. Whether you envision it as a private dining area, function room, or even a boutique accommodation option, the possibilities are vast and promising.

The business benefits from a long-secured lease with options extending through to 2035, providing peace of mind and stability for future growth. This assurance is further complemented by consistent revenues and strong operating profits maintained ingeniously even throughout the challenging periods of the pandemic.

Renowned for its extensive menu that combines local Tasmanian produce with international culinary inspirations, this restaurant bar continually attracts a loyal customer base. Over the years, it has garnered prestigious awards and accolades, cementing its reputation as a must-visit destination in Launceston’s dining scene.

Investors or entrepreneurs seeking an established business with a solid foundation will find this opportunity particularly appealing. Its strategic location, minimal direct owner involvement, and incredible growth potential make it a sound investment.

Do not miss out on owning a piece of Launceston’s vibrant culinary landscape. Enquire today to learn more about this exciting opportunity to acquire a renowned and profitable restaurant bar ready for its next chapter of success.