Restaurant – Bar – Functions

For Sale

·
ACT

Business Code: CB1538

$249,000
+ Estimated Stock (SAV) $70000
Key Features: Long established - Excellent reviews - Prime position - Long lease and good rent - Attractive hours - Strong local support - An award winning Canberra institution.
State: ACT
Suburb: Griffith
Location: Prime location in busy small shopping strip in delightful ACT suburb.
Premises: Attractive premises with an area of 400 sq.mts. and step-down access to separate dining areas. Rear access available, with ample storage and walk-in coolroom located at rear.

Time for a change.

Sale Reason

1999

Established

Ample marked street parking.

Parking

2 owners + 4 full timers + 3 casuals.

Employees

6 days - Monday to Saturday: 5.30 pm to 10.00 pm.

Trading Hours

Current 5 year lease commenced October 2022 + 5 + 5 + 5 years - CPI increases - Bond 3 months.

Lease

Restaurant, award winning and long established, presenting a cosy and intimate dining experience with a contemporary Australian cuisine menu. Showcasing local produce, and reflecting a commitment to quality and style, the premises presents with a choice of 4 separate areas, with seating capacity capable of providing for small groups to larger functions by combining the rooms. The menu offers a choice of a la carte, banquet or self designed degustation choices, and is an extraordinary voyage into a notable dining experience. The drinks list is a most comprehensive selection of local, regional and global wines and spirits and is overseen by the head sommelier. Kitchen is modern and well-equipped with 2 x walk-in coolrooms, freezer, gas 6 burner stove, grill, deep fryer and 2 x combi ovens.

Features

Long established - Excellent reviews - Prime position - Long lease and good rent - Attractive hours - Strong local support - An award winning Canberra institution.

Potential

Target social media - Open for lunch Fri/Sat.

Comments

Misc.- 1- Waste removal and security - 2 Group coffee machine owned by vendor and included - Security back to base alarm system - Booking software is residiary.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$20000
Cost of Goods
$6500
Gross Profit
$13500
Rent
$1650
Wages
$5000
Telephone
$50
Insurance
$70
Electricity
$350
Misc 1
$100
Total Expenses
$7470
Estimated Stock
(Additional)
$70000
Equipment
(Included)
$125000
Net Profit
$6030
Price
$249,000
+ Estimated Stock (SAV) $70000
Price
$249,000
+ Estimated Stock (SAV) $70000
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