Bar/restaurant | Inner South Canberra | Long Lease | $23k Pw

A modern bar and restaurant for sale in a wealthy Inner South suburb known for its bustling nightlife. This Stylish venue is complimented with the highest quality, modern fit-out and the fully equipped kitchen needs to be seen to be believed, the business presents beautifully and no upgrades or investment are needed. Due to the impressive decor and large space, the venue is regularly booked for private events and parties.

With a long lease in place, operating four nights per week the business achieves average weekly sales of $23,000.

The broad layout could lend itself to a range of business models, from bar and restaurant to cafe or private events. Currently operated as a popular nighttime bar with a light food menu the venue is adaptable and could easily support new concepts. Additionally, a sheltered outdoor area offers a comfortable, year-round experience, and is nestled among neighbouring dining and nighttime venues. A place for people to see and be seen...

Liquor Licence in place: Approved for 264 patrons

Lease Terms: 5 x 5 lease, commenced February 2022

Space: 221m indoor area, 74m outdoor dining area

Rent: Affordable rate at $508 per square meter

The venue is currently trading, however this is an asset sale with limited financial information available.

**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 Feb 2022
Base Rent $9,365 per month plus GST and Outgoings

Trading Hours
Wednesday Saturday 4pm til late

**Weekly**
Sales $23,000