This is an exciting opportunity to pick up a fully equipped and operating restaurant located in a historic and beautiful hotel just a stones throw from the heart of the city.
The stylish art deco themed restaurant is located in the same building as a 120 bedroom hotel and surrounded by other hotels, offices and private residences that help to support the trade of this business.
The Restaurant is a well established part of the local dining scene and is a popular spot for weddings and private gatherings.
The restaurant has a liquor licence for 140 guests inside and another 60 outside on the deck that is surrounded by idyllic gardens.
The business is currently run under management and there is a lot of untapped potential for further growth, it could be argued that it is one of the very best venues for a restaurant in Canberra.
The business is priced for a quick sale so if you are an experienced operator in the market looking for a restaurant then this opportunity will represent amazing value for money.
Lease Details
The restaurant enjoys a 10 year lease which commenced in 2021.
Premises Details
The restaurant enjoys 352 square meters and is licensed for 140 guests inside and a further 80 outside on the terrace.
Opening Hours
The owners have all moved away from Canberra and are looking to find a buyer to take the business into the future. The current offering is popular but the business needs a push and a committed owner operator to drive it.
There is plenty of demand for weddings and private gatherings. The venue also works well as a music venue and Sunday sessions would work well also.
Opening the venue regularly for breakfast and lunch will also drive growth.
**Weekly**
Sales $42,195
Rent $3,082 (for both sites) plus outgoings
