Restaurant & Cocktail Bar/club In The Cbd For Sale,Canberra ACT 2601

By Negotiation

BusinessSize: n/a
General Description

This venue boasts an elegant feel. Currently split with 60% bar and 40% restaurant. This business has huge potential for an owner that brings an enthusiastic outlook. This venue is currently 3 years old and attracts a huge function crowd. Owners have spent over 750k on this fit out. We currently hold a liqour license for 200 patrons until 1am however this can be later if the new owner wishes. With an underground artistic feel this venue is like no other.

This is a regrettable sale however owner of the business is moving interstate due to family reasons. The venue currently trades 6 nights and 3 lunches a week. This business currently employs 12 staff. Area is continuing to grow with the residential development Manhattan on the Park with in a stones throw of the venue.

This would also suit somebody that is looking to run a nightclub as it is underground venue and noise complaints are not an issue. This venue also has the potential to obtain a 4am liqour license if needed.

Currently owner operated we run a fully functional commercial kitchen that's services both the restaurant and bar area.

Location is on the outskirts of the CBD and close to the Casino

Potential
With the size of this business, location and a strong lease the new owners can put some strong plans in for the future.

Some of the potential items the new owners can consider immediately:

- Extending the liquor licence to 2am or later
- Look at introducing lunches 5 days a week
- Trade 7 days rather than 6
- Already in process but allow clubs, dance classes etc to use the last space at times when the business is usually quiet

This is one of those business that is far from its full potential so the new owners are picking up a strong business that will respond to fresh changes immediately.

Features
-Business is fully fitted and ready to make money immediately.
-Kitchen has all stainless steel bench tops and quality appliances
-Ability to obtain outdoor licensed area if wanted
-Surrounded by large Govt buildings and large walk past traffic
-parking area behind the building

Premises
-All the equipment is owned not leased
-Large commercial kitchen
-Large walk in cool room and freezer
-Air conditioning/heating controlled by landlord and paid for by landlord
-Lease comes with 2 store rooms and 2 car spaces at the back of the shop
-Large entertainment area including dj capabilities, large disco ball and more
-Reasonable lease with 7 years remaining and a 5 year option.
-5 tap beer system already installed
-postmix system with Schweppes already installed

Location
City CBD

Lease
10 years with 5 year option started from May 2011

Financials
-Rent $2129.05 per week (includes car spaces and storage areas) and includes GST
-Turnover and profit to be discussed upon interest

Price
Expressions of interest are welcome. Offers will be considered
No time wasters please

Confidentiality Agreement
To release further details about this business a confidentiality agreement must be completed - takes about 1 minute. This can be done by following contacting me on 0450019986 and we can proceed further.

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business

Map

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What's Nearby

Ainslie Primary School, AinsliePrimary School
1.3km
Campbell High School, CampbellHigh School
1.7km
Calvary Private HospitalHospital
5km
Canberra CentreMajor Shopping Centre
0.4km
Australian National UniversityUniversity
1.1km
Merici CollegeCollege
1.8km
City Post OfficePost Office
0.4km
  • Sarah

    Private lister

Canberra Suburb Information

 
 
Average Age
24 years
Population
2,824
Canberra Profile
Canberra Occupancy

Contact details

SarahPrivate lister
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This listing has been viewed 3967 times. It was first displayed on 30/05/14 and last updated on 30/05/14.