Traditional Restaurant Licensed For Sale

Business description

This attractive restaurant seats 50 diners in a comfortable and relaxing atmosphere opening for lunch on Thursday and Friday and dinner Tuesday to Saturday. It is possible that extending the hours will attract a new, younger customer.

The current 5 year rental period ends in February 2010 with a further 5 x 5 options in place. It is possible that on exercising the next option an additional 5 years may be obtained. The current rent is $2,430 per calendar month (ex GST). There is ample parking in the front and rear of the premises.

The restaurant is serviced by a fully-equipped bar and kitchen. All equipment including the owner-installed air-conditioning is included in the sale price. Stock levels of liquor, consumables and foodstuffs will be determined at time of settlement.

The only advertising undertaken is through the Entertainment Book© and as such there is plenty of scope to promote the business through other media.

The owners are looking to retire and have set a most reasonable price.

Property information

Real Estate:

Lease

Lease terms:

5 x 5 x 5

Leasehold rent:

$29,124 per annum

Location:

Outer Eastern suburbs on major road.

Premises details:

136 sqm, in strip shopping centre.

Other information

Support & training:

Owner willing to provide some handover period

Reasons for selling:

Retirement

Trading hours:

Lunch Thursday and Friday; Dinner Tuesday to Saturday