In 2020, the current owners invested the best part of $1,000,000 in creating a world-class fit-out in a world-class location.
The result is a remarkable hospitality offering.
All the hard work has been done, so why sell? That is an excellent question: one owner wants to travel overseas, and the other is committed to other hospitality projects.
The financial performance paints a picture of a business poised for growth.
Turnover in 2023 was over $44,000 per week, excluding GST, and the owner's profit was approximately $140,000.
The business runs well without the day-to-day involvement of either of the two owners. Even though they love the customers and a committed and passionate staff runs the industry, we can only imagine what might emerge here with new passion and direction provided by new ownership.
There is a demolition clause within the lease, and the sellers believe there is little chance of it being exercised. Still, regardless, they are prepared to provide additional compensation above the landlord's legal requirements if the demotion clause is exercised.
Located in the tightly held and ever-lucrative Curtin shopping precinct, if you are interested in owning, please email sales at capitalcommerical.com.au
