Iconic restaurant in an amazing location. Beautiful fit out.
- Asking Price:
- $500K - $1M (AUD) Furniture / Fixtures included
- Sales Revenue:
- $1M - $5M (AUD)
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Further 10 years available, two 5 year options from Nov 2024. Very reasonable rent plus outgoings
- Leasehold Rent:
-
$42,500 (AUD) per annum
- Location:
-
Prime location, at the side of main tourist location. Many VIP visitors. Restaurant very successful, but could also be a major franchise site, with high foortraffic, in iconic tourist location
- Premises Details:
-
An amazing restaurant in a much sought after location. Hard to find in such iconic location. Operating successfully for 10 years.
Business Operation
- Expansion Potential:
-
Potential to expand , so add either a cafe on the site or , a function area to increase wedding traffic in this iconic location
- Competition / Market:
-
On two other fine dining restaurants in the area, Garrison being the standout venue.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday 5:30- late
Tuesday to Sunday 11:30am-3pm & 5:30pm-late
- Employees:
- 12
- Years established:
- 10
Other Information
- Support & training:
-
2 months support and training
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Furniture / Fixtures value:
- $280,000 (AUD) - included in the asking price
- Inventory / Stock value:
- $35,000 (AUD)
