GSE Business Consultants Phone : 1300 52 ****
Robert Illsley
0415 ****

0415 ****

Popular Restaurant and Bar | 6 Days, High quality fitout

Listing Id : 262388

Location : New South Wales - Wagga Wagga -Murray

Category : Restaurant

Asking Price : 245,000 Plus SAV

Business description

For sale is one of Wagga’s best Restaurants and bars.
The business has a high-quality modern fit-out with a full commercial kitchen and no further investment required and enjoys a prime location in a site where there has been a Restaurant for over 50 years.
The Restaurant has become very popular with a successful and proven business model that brings in a high volume of repeat customers. There is a large main dining area that seats 60 a large function room capable of seating 50 and outdoor seating for 12.
This business is one of the premier eateries in Wagga’s bustling dining scene and is likely to experience strong growth as the brand becomes more and more recognisable.
The business is run under management with minimal input from the owners and makes a good profit. My client has other business opportunities available to them and as a result would like to move this business on quickly hence the significant price reduction.
The lease is strong with 4 years left of the main term and 2 five year options.
Strong potential exists for the business to develop the coffee side of the business and to open for breakfast, there are also opportunities to develop catering. The function room that opened last year is likely to fuel significant growth for the business particularly in the runup to Christmas.
My clients have laid the groundwork for new owners to come in and really take the business to the next level. If you are looking for an established, affordable business that has strong growth potential there is no better opportunity available.
*Please note that for confidentiality the image in this advert is generic and not of the actual business
Turnover (inc GST) $21,4**** **** .00
Cost of Goods $6,399.00
Wages $4,924.00
Net Profit $4,012.27
Stock (extra) $7,000.00

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