The price of $300,000 is what you will pay; over $1,000,000 in value is what you will get.
La Rustica has been a dining institution in Canberra for over a quarter of a century. A change in family circumstances requires the immediate sale of this much-loved, fully licensed business.
And while it's regarded as one of Canberra's leading Italian restaurants, the landlord and current business owners will not curtail your entrepreneurial ambitions if you want to rebrand and recreate this highly successful business.
They are prepared to offer a new lease with 5+5+5+5-year options, and the rent will be an attractive $195,000 inclusive of GST plus outgoings per annum. As the landlord, they want you to succeed as they have!
No complex rebranding, menu restrictions, or complicated "demolition clauses" imposed by the seller/landlord are proposed.
The business is on track to turnover over $1.65 million (ex GST) this 2023 financial year. The business strikes the perfect balance between income and lifestyle and operates only five days (Tues- Sat) with ten combined dinner and lunch services over the week!
The remarkable value comes from the turnkey fit out that cost them nearly $1,000,000 in 2018 when they relocated from old to new Kingston. There is nothing to spend; accordingly, there can be a seamless ownership transition.
They know that they are selling below the value at $300,000, but time is of the essence, and they would like an exchange before 30 June to enable the buyer to realise a sale this financial year.
We are finalising the Business Information Package, but the financials and lease documents are available.
If you are interested in owning this below-value blue-chip investment, please email your full name and mobile to sales at capitalcommercial.com.au
