Exciting Opportunity: Affordable Business Asset Priced Below Market Value for a Fast Turnaround
Have you ever considered opening or owning a quick-service restaurant in Goulburn, specifically a burger and beer business?
When you do the preliminary numbers, are you turned off by the upfront establishment and fit-out cost?
A ballpark to fit out a new restaurant costs $4,000 - $6000 per square meter. Just doing the simple maths, that's about $400k-$600k for a 100sqm venue.
You can see why so few people, when they have a great idea, dare outlay $500,000 to start a new hospitality concept.
On behalf of the five owners, who are all based away from Goulburn, we offer Pattysmiths Goulburn - below value and ready for its new owner.
You can buy the fit-out, rebrand your concept, or take over the existing franchise.
Either way, it represents excellent value and is below replacement cost.
The owner spent close to $450k establishing the business.
In the 2023 financial year, the business generated a turnover of about $13,000 per week or $700,000 annually.
The absentee owners admit that they have done a really poor job of running the business and that hands-on local owners could have done much better.
If you want more information, please email your full name and contact information and state that you are interested in Pattysmiths Goulburn.
Our office will send you the information package created by the owners.
