This is a rare opportunity to own one of Canberra’s most beloved and cherished restaurants, renowned for its authentic dining experience creating a loyal repeat customer base.
This business opened its doors in early 2019 and had quickly risen to become a cornerstone of the vibrant Braddon dining scene. Boasting excellent food, superlative service, and a warm, rustic ambience, its no wonder this business has a 4.6 star ranking on google!
Why This Opportunity Stands Out:
– Established Excellence: Operating since 2019, it has already established a big reputation fostering consistent patronage from both locals and visitors.
– Prime Location: Located in the heart of Braddon, Canberra’s food, nightlife, and entertainment precinct, this business offers great foot traffic and exposure.
– Seating Capacity: There are 55 seats inside, plus an enclosed outdoor dining area.
– Liquor License: Compliant for up to 79 patrons, allowing flexibility to serve casual dinner occasions through to special events.
– Secure Lease: 5-year lease, with only $1,660 per week rent plus GST and outgoings. This equates to only 7% of turnover. Lease to 2030
No Additional Investment Necessary: In fact, the seller has prepared the business for sale, replacing equipment and even upgrading the flooring. For the new owner, there’s nothing that needs to be spent on.
Supportive Transition: The current owners are open to supportive transition; they ensure that the outgoing owner transitions smoothly.
Full Team in Place: A new owner can step in and hit the ground running with an already experienced and capable team in place.
This is a very rare opportunity to acquire a highly successful restaurant in a premium location, with a loyal following, and a fully developed team in place.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Lease Details
5 x 5 year Lease commenced March 2019
Base Rent $7,193.87 per month plus GST and Outgoings
Trading Hours
Monday 5.30pm – 9.30pm
Tuesday – Saturday 12 – 2.30pm, 5.30pm – 9pm
Sunday – Closed
