Centrally located with a long and secure lease, we are proud to offer this blue-chip hospitality offering.
With total sales exceeding $3,200,000 in the 2021-2022 financial year and owner's profits exceeding $650,000 for an easy 40-hour working week, this is the ideal investment opportunity.
The first quarter of the 2022-23 financial year is looking super positive and profitable, with sales of $1,000,000 and profits at about $175,000.
The business has a well-balanced mix of trade, including food, beverage and entertainment and its run by well-trained and committed duty managers.
The owner is hands-off but invests 40 hours weekly in the running and works a handful of nights. The gross profit is $40k per week or about 65% of turnover.
It's a stellar business, and the asking price of $2,000,000 reflects its historical high earnings and profitability.
Weekly rent is more or less $8k, and the landlord is prepared to offer an additional option for an experienced operator.
The fit out and equipment have been continually upgraded and updated, and there is nothing to spend. It's a cliche "turnkey operation".
The banks are also impressed and are offering 50% debt financing subject to the business skills of the incoming owner.
So you'll need about $1,000,000, plus working capital and a landlord's bank guarantee. Let's call it an even $1.2 million, and the bank will lend the rest.
The owners have requested that we qualify buyers before releasing the business information package. Please ensure you have the balance sheet value or access to the required funds.
Enquiries to be emailed to sales at capitalcommercial.com.au
Ask Frank Walmsley about this business
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