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Popular Braddon Restaurant | 1.5M Annual Sales | Rent 7% Of Turnover

Description

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**

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