A rare opportunity to acquire one of Canberra's most acclaimed dining institutions.
Prime Location
Situated in vibrant Kingston, Otis Dining Hall is renowned for its elegant modern Australian cuisine, warm ambiance, and award-winning wine list. With a reputation as a political and social hotspot, it's a go-to for locals, foodies, and high-profile guests.
Strong Financials & Professional Systems
* FY24 Sales: $1.14M | Gross Profit Margin: 74%
* Owner's Profit (PEBITDA): $212,059
* Professionally managed with strong back-of-house systems and procedures
* 10,000-strong organic database and 11,000 social media following
* SEO-optimised website with integrated bookings and EDM campaigns
Established & Scalable Model
Currently trading 45 dinner services per week, with strong demand for lunch and events. Fully systemised and staffed for minimal owner input. Substantial upside through expanded trading hours and event hosting.
Premium Fit-Out & Lease Security
* Approx. 268 sqm + rear loading access
* Secure 5 + 5 + 5 year lease in place
* Rent & outgoings: $185,000 p.a. (incl. GST)
* Estimated Fit-Out Replacement Value: $528,000
Based on industry-standard $2,000/sqm for a premium hospitality venue
* Includes over $200,000 in commercial equipment and furnishings
* SEO-optimised website, 20,000+ strong audience, and marketing assets included
Listed at $100,000 + Stock at Value (SAV)
Outstanding value considering the asset base, goodwill, and future growth potential.
Buyer Note
All interested parties will need to provide a statement of financial position, business experience, and appropriate references prior to offer acceptance or lease assignment.
Reason for Sale
Following a public and very unfortunate car accident, the owner must now step back and sell just as confidence is returning to the hospitality sector. A timely opportunity for an ambitious operator to take over a turnkey institution.
Enquire Now
Frank Walmsley 0400 446 605
sales at capitalcommercial.com.au
www.capitalcommercial.com.au
