Unlock the potential of a renowned historic location in Paddington with the acquisition of this well-established restaurant, presented exclusively as an asset sale. The new owners can capitalize on this unique space, introducing their own brand in a highly sought-after setting. Offering an incredibly attractive base rent of only $39,262 + GST & Outgoings, the opportunity also comes with the option for a new lease.
Currently operating with ateam of 6 (3x FOH + 3x Kitchen) and a dedicated owner, the restaurant boasts a thriving business model despite limited trading hours-open five days a week from 5.30pm to 9.30pm, with extended hours on Saturdays.
The possibility of introducing lunch trade adds an additional layer of potential.
Key Features:
- Fully fitted with state of the heart equipment; Walk in and start trading
- Rarebase rent for this location of only $39,262 + GST (Comm. 2020) CPI: 2%
- Operating Tuesday to Saturday from 5.30pm to 9.30pm
- Strategically positioned at a great corner location with approximately 60 seats both inside and outside
- All equipment, unencumbered and meticulously maintained, included in the asset sale
Priced at $119,000 WIWO, this business presents as a prime opportunity for entrepreneurs ready to transform and imprint their own brand on this distinguished locale. Contact us now to organise an inspection.
Business Broker:MatteoMelis
Ref: BR01398
Mobile: +61 433 719 112
Email: matteo.melis@linkbusiness.com.au
LINK Business Brokers Brisbane
7/63AnnerleyRd,WoolloongabbaQLD 4102
Ph: (07) 3831 2300
Ref: BR01398
Timestamp: 20240712010003
