General Description
This restaurant undertook a brand new fit out from April 2021 which was completed in December 2021. The fit-out cost was approximately $580,000. The restaurant was original setup to be managed by family members but due to health reasons only one family member now works in the business supported by staff.
Whilst the owner has enjoyed building the business, as it can no longer be family run, the business is now being sold.
Potential
The restaurant changed concepts in January 2024 due to family members not able to continue to work in the business. A new owner can continue to build this concept or look to change to suit their requirements.
The location is directly across from the Canberra Centre. Easy walking distance from Government buildings, shoppers in Civic and residents living in Civic and Braddon and Airbnb in the area.
The owner is currently securing a liquor licence which ought to help increase the trade with little cost.
Features
Large commercial kitchen
If want to change business direction, fit out easy to change
Long secure lease
Equipment in excellent condition
Premises
High quality fit out walk in and trade tomorrow
Located near a large busy shopping centre and residential towers
Has 2 parking spots allocate to the premises
Seats 45 to 50 people inside and 12 to 15 seats outside
Location
Civic/Braddon
Lease
Current lease to March 2026 plus option to extend to March 2031
Rent per week $2,029 + GST +outgoings
Approx 141sqm
Trading Hours
6 Days per week from 11am to 10pm. Closed every Tuesday.
The business is closed for the month of January each year.
Financials
Turnover approx. $320,000
Price
$195,000 + Stock at Value
Confidentiality Agreement
To release further details about this business a confidentiality agreement must be completed - takes about 1 minute. This can be done by following the instructions below:
1) Go to https://www.bbbrokers.com.au/restaurant-close-to-canberra-centre.html
2) Click on the "Enquiry" button at the bottom of the screen
3) Enter your details, including something in the comment area and click "Submit"
