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Exceptional Venue Priced To Sell Quickly! For Sale

Wagga Wagga, New South Wales, Australia
Asking Price:
$150,000 + SAV (AUD)
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

The owner is genuine about selling and has now accepted that, based on feedback and market expectations, he is prepared to accept a fully reduced and negotiated sale price of $150,000.00 plus stock, with the full intention of achieving a quick sale.

NOW IS THE TIME TO ACT.

This is an exceptional, premier regional dining venue.

Full attention to detail and exquisite fit-out

Highly engaged and experienced staff operate both the kitchen and front of house.

fully supportive landlord offering a long lease with very favorable terms.

Operating Tuesday-Saturday evenings only

$28k average weekly revenue.

The owner operates the business from the Front of House and has experienced and dedicated staff in all key positions, ensuring that everything runs smoothly and effortlessly all of the time.

This restaurant is one of the Riverinas few premier dining venues. Prepare to be impressed from the moment you walk through the impeccably restored heritage timber doors as the friendly staff welcomes you for the evening.

The restaurant is renowned for showcasing a menu of hearty and bold yet subtle European fare, inspired by the diversity of flavors and hospitality offered by this sprawling continent. The menu is matched by an impressive international wine selection that has been meticulously curated by their in-house sommelier to compliment the rolling menu of seasonal dishes.

The business is in the enviable position of having a team that is not only highly experienced but also extremely engaged and dedicated to their roles, sharing a singular vision of providing an exceptional experience for every single guest they welcome.

The business has an extensive inventory list, with equipment of the highest quality that has been exceptionally maintained.

AN INSPECTION IS A MUST SO THAT YOU CAN FULLY TAKE IN ALL THAT THIS RESTAURANT HAS TO OFFER.

Lease Details

The 3-year Year Lease has option to stay until 2030.

Premises Details

Exceptional, High-Quality fitout, premium climate-controlled dining room with outdoor alfresco area, cool & freezer room, wine cellar, plenty of storage, laundry facilities, and onsite office.

Staff Details

The business is operated by the owner. With the Head Chef running the kitchen, a Sous chef and an apprentice chef. A Floor Manager oversees the dining room, with all supported by a team of casual staff

Opening Hours

Tuesday to Saturday evenings from 5.30

Opportunity

This is an opportunity that is currently providing an evening dinner service six nights a week, a seasonal lunch service, a busy schedule of functions and events, and an exclusive catering agreement with their landlord. There is also a genuine opportunity to expand catering options and functions.

**Weekly**

Turnover (inc. GST): $27,989

Rent $1,895

Wages $10,143

Net Profit: $2,123