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Restaurant business for sale in Hobart

  • Restaurant
  • Elizabeth Streetpier Franklin Wharf Hobart TAS 7000
  • Offers around $550,000 Negotiable

Awarded waterfront fine-dining restaurant with 12 years' history on the pier

****Rare opportunity to have the biggest fine dining restaurant on the pier of Franklin Wharf ****

Dining in this restaurant at the best location of Hobart in Hospitality industry, people can enjoy the serene ambiance of the waterfront with the gentle sounds of the ocean. The picturesque view of water is the most unique dining attractive for the restaurant sitting on the pier.

This elegant restaurant has run for nearly 10 years and loved by locals as well as tourists. It is on the must-to-go tick-list for tourists coming down to Tasmania.

The venue size is 320 m2 plus external 80 m2, totally can host for over 200 guests. The taking is over $1 Million annually, which brings generous profit for the business. The restaurant has a high position in the area for its excellent cuisine and professional service. All ingredients are organic and the purchasing channels are closely monitored, which make it more reputable locally.

This is a rare chance to win the heart location at Franklin wharf and also for the well-established fine-dining restaurant with 12 years' history. Chefs and store manager as well as other main staff will stay after sales, which can make you take over the business easily and operate it immediately. The restaurant comes along with alcohol licence.

Another bonus is that the vendor has got the approval to change the corner area of the venue as a bar space.

******Investment Highlights******
-Rare opportunity to get the best waterfront location on the pier of Franklin wharf
-Well-known brand with 12 years' history and good reviews by customers.
-The menu of fine dining and yum-cha ( Cantonese brunch) are famous in Hobart
- The floorplan is large and can host over 200 people for big events or ceremony, parties
- Turnover is high enough to be a well-established business for visa seekers
- The chef and store manager will stay in the business and training of customer services can be provided for free for 50 hours
-The restaurant comes along with Alcohol licence
-Council approval of bar space in the corner part of the floorplan

***For Sale with offers at $500,000

It is a rare opportunity for people who are looking for a fine dining restaurant with unique and Tassie waterfront style to take off in the hospitality industry.

A comprehensive Information memorandum has been completed for this business.
Don't miss out it and contact me today for a confidential discussion.

****Ashley Shen; M: 0451189066.

InfinityPlus Real Estate
InfinityPlus Real Estate
10 Antill Street
South Hobart, TAS 7004

Business Highlights

Business ID2018752667
Floor Area320m²
Category
Last updated  15 Jan 2025
Map for Elizabeth Streetpier Franklin Wharf Hobart TAS 7000
Map for Elizabeth Streetpier Franklin Wharf Hobart TAS 7000Elizabeth Streetpier Franklin Wharf Hobart TAS 7000
Inspections
Documents
InfinityPlus Real Estate
InfinityPlus Real Estate
10 Antill Street
South Hobart, TAS 7004

Business Highlights

Business ID2018752667
Floor Area320m²
Category
Last updated  15 Jan 2025

Listed by

Ashley Shen
InfinityPlus Real Estate
Call
0451189066

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