Versatile City Restaurant with Proven Profits

Here is a proven profitable business on the market only because the seller owns many restaurants in Canberra and wants to reduce his holdings to free up time to spend with the family and go on holiday, which is great news for serious investors.

Here’s why you should become the next owner:

1. Position. The prominent location in Canberra’s civic centre, close to numerous offices and apartments, keeps the customers flowing. There is considerable development planned in the vicinity which increases the potential for growth in coming years.

2. Process. There’s no need to work this business yourself. The owner’s only involvement is to sit down for a daily meal. Run under management, the restaurant has generated the owner consistent high profits for the last few years.

3. Presentation. The restaurant boasts a fresh and attractive fit-out, and the equipment is in full working order, so there is very little to spend on the furniture and fittings.

4. Profits. Over $240,000 after add-backs went to the owner, without working a day in the restaurant itself. That’s a figure that remains fairly consistent over the recent past.

5. Potential. With minimal changes the fit-out would suit any number of cuisines, from Western style, to Chinese, to Tapas, and with development planned to bring in more customers nearby and a general ongoing trend of rejuvenation in the centre of Canberra, just imagine where you could take this already proven business next!

Please note, this business is offered for sale without branding (including name and website), an opportunity to stamp your own ideas on the business going forward while retaining the proven business system.

Asking price is $425,000
Stock approximately $35,000

To find out more, please express your interest by using the ‘enquire’ form on this webpage or alternatively enquire via email to sales@capitalcommercial.com.au

Lead agent Frank Walmsley
0400446605

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