Restaurant – Bar – Mediterranean Cuisine

For Sale

·
Canberra

Business Code: CB1540

$595,000
+ Estimated Stock (SAV) $20000
Key Features: Easy to manage - Great location - Good lease and rent - Beautiful presentation - Modern kitchen - Strong local support - Successive multiple award winner 2024/25/26.
State: ACT
Suburb: Canberra
Location: Situated in small shopping complex in well established Canberra suburb with high residential demographics.
Premises: Prominent frontage with attractive and welcoming entrance. Amazing interior decor, and featuring state of the art kitchen.

Owner wishes to relocate for family reasons.

Sale Reason

2023

Established

On site.

Parking

1 owner + 2 full timers + 4 casuals.

Employees

6 days - Tuesday to Sunday: 6.00 pm to 10.00 pm. Friday to Sunday: 12.00 pm to 3.00 pm.

Trading Hours

Current 5 years lease commenced May 2023 + 5 year option - CPI increases - Bond 3 months.

Lease

Restaurant, multiple award winning, offering a state of the art decor and a memorable dining experience. The cuisine is based on Mediterranean flavours and dishes, and includes choices from the bread oven, a wide range of entrees, charcoal grilled meats, a selection of mouth-watering seafood dishes and an exciting range of popular Mediterranean meals, with pastas and pizzas included. A set menu can be ordered, and tempting desserts complete a truly delicious offering. The attractive well-stocked bar is notable for its wide choice of wines and spirits. Ipad meal ordering is utilised. No expense was spared in equipping the expansive kitchen, which is very well-ordered and equipped with modern appliances including freezer, walk-in coolroom, charcoal grill, 4 burner gas grill, flat grill, 8 burner gas stove, 2 x double deep fryer, combi oven and pizza oven. A large storeroom is available.

Features

Easy to manage - Great location - Good lease and rent - Beautiful presentation - Modern kitchen - Strong local support - Successive multiple award winner 2024/25/26.

Potential

Target functions and weddings - Utilise social media pages.

Comments

Misc.- 1 -Waste removal - Security is back to base alarm - The 2 group coffee machine is vendor owned and included - Owners wage added back to reflect owner/operator buyer - Owner prepared to offer a 2 month transition period.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$22500
Cost of Goods
$6500
Gross Profit
$16000
Rent
$1500
Wages
$5500
Telephone
$50
Insurance
$250
Electricity
$500
Misc 1
$100
Total Expenses
$8325
Estimated Stock
(Additional)
$20000
Equipment
(Included)
$600000
Net Profit
$7675
Price
$595,000
+ Estimated Stock (SAV) $20000
Price
$595,000
+ Estimated Stock (SAV) $20000
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