(no street name provided), Kingston ACT 2604

For sale is a prestigious bar and Restaurant located in a prestigious suburb in Canberra's Inner south.

Space wise this business will tick all the boxes the most discerning buyer will be looking for with a large well appointed kitchen, elegant bar, comfortable heated and covered outdoor office and even a staff changeroom and office. The whole setup is exemplary with no expense having been spared.

The business offers a range of cocktails, an enviable wine list fresh beer and high end spirits and the menu is high end casual dining that appeals to local people looking for a great time.

The current owner is a highly experienced industry professional who has worked tirelessly to create a great offering and put the business firmly on a growth path with current sales around $40k per week.

The business will suit an experienced operator who may be coming to the end of their existing lease and looking to relocate to a larger premises, or looking to expand their brand will see the benefits in this beautiful and well positioned business.

The owner is currently rolling out order at table technology which he notes has had a huge impact on other businesses in his portfolio with increased ordering, more upsells and a lower labour cost and he believes this will continue to help drive the business.

My client has an expanding portfolio of businesses and recent acquisitions mean that he is considering his position. He has decided that the best move for him is to let this business while it is affordably priced and on a strong growth trajectory. It is priced to sell and I expect it to be snapped up quickly by a savvy purchaser.
With all of the hard work being done to establish the business all the buyer needs to do is keep things going in the current direction. Enquire now for an information memorandum.

*Please note that listing image is for advertising purpose only and for privacy reasons does not represent the actual business.

Lease Info
The lease is a 7x5x5 term that secures the business until July 2037 and the rent represents around 10% of turnover.