All staff are in place, but the opportunity is also going to suit a hands-on operator with wine in their veins and a love all things food and beverage.
This business operates on a Full Tavern Licence, alcohol sales without the need to offer food (no takeaway). The restaurant is currently set up to accommodate 60 patrons on the ground floor with further room to expand. The private function area upstairs easily caters another 30. The liquor licence approves 175 patrons.
With 417 m² of total floor space, this is a big space that you need to make big profits. The starting rents for the first 6 to 12 months have been negotiated well below the normal lease rental levels to make this business highly attractive. The ongoing rents represent market value and give extremely long term tenure.
Each interested party will be required to sign a confidentiality deed and upon receipt of same be provided with an information pack. The conditional offer to purchase document will set out the offer price and contain other clauses the buyer require; including due diligence, transfer of liquor licence and assignment of long term leases and, if required, subject to finance. There is no requirement for the contract to be for “cash” nor for the agreement.
Contact Adrian Seale 0439992602 to discuss or email adrian@seale.com.au
PRICE $225,000 plus stock
The vendors, who reside in Margaret River, wish to sell in a simple and professional manner. They are reluctantly selling due to unexpected family circumstances in Perth.
They purchased with a long term view and as a result invested heavily initially to bring all facets of the business up to the highest standard, knowing that in their long term plan any excesses paid now would derive financial dividends in the future.
