Licensed Cafe And Restaurant | Prestigious Kingston Location | Long Lease

Business Sold Kingston, Australian Capital Territory 2604

Business Category Cafe and Coffee Shop Restaurant

SOLD

Description

Licensed Cafe And Restaurant | Prestigious Kingston Location | Long Lease

For sale is a Licensed Restaurant located in the popular dining precinct at the Kingston Foreshore. The business has been trading since 2016 and has firmly established its brand presence in the local market.

The business offers a range of home made Burgers, Fried chicken salads, local beer and wine and more. The Restaurant accommodates 60 customers inside and another 77 outside with covered seating.

The current owners have made significant improvements to the business including updating parts of the fitout to keep the business attractive.

Turnover is currently around $15k a week under limited trading hours due to covid restrictions and when they reopen for brunch and lunch this will significantly increase (previous years trading figures show sales around $25k per week).

The owners have other business interests to focus on and have priced the business to attract a quick sale offering an opportunity to pick up the business at an affordable price and enjoy the benefits of a busy trading period in the run up to Christmas.

This is a profitable and affordable business with a strong brand and identified growth potential in a popular and prestigious location, all you have to do is take over and start making money.

Lease Info
The current lease runs until 2025 with a following 2 x 5 year options available.

Size of Premises
122 Square meters. Seating for 60 inside and 77 outside in the covered deck.

Opportunity
With lockdown restrictions easing the business will resume brunch and lunch trade. The owners have also struck a deal with a delivery company to supply a slightly lower cost product which will be available for delivery only, utilising a completely separate brand which will bring extra revenue to the business, initially forecasted for around $5k per month. *Please note that images used are for advertising purposes only.

**Weekly**
Turnover (inc GST) $15,000.00
Rent $1,870.00
Wages $3,939.00
Net Profit​ $1,925.00
Contact Seller
Rob Illsey

Bsale ID: 562228

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