Price: $89k WIWO
For sale is a long established Restaurant located in one of Canberra's most popular suburbs for food businesses.
The restaurant opened 15 years ago and the current owners have operated the business for the past 6 years. They are open to selling the restaurant as it is or a buyer with their own idea can purchase an established business with a strong reputation and good infrastructure.
The current offering is traditional Australian Chinese food and the business has a strong local following with many regular customers but the business is priced such that a change of cuisine would be viable.
An ambitious buyer looking to either grow the existing business or enter into the popular dining precinct of Kingston with their own offering will see that this as affordable to purchase with a competitive lease.
The current operator achieves $20k a week based on in store sales with no deliveries which is an obvious potential revenue stream.
This is an affordable and well established Restaurant that anyone looking for a popular venue will benefit from.
Lease Details
The lease runs until 2026 with a 5 year option taking the occupancy out to 2031.
Opening Hours
This is a 5 day operation and the Restaurant is open for Lunch and Dinner Tuesday to Saturday and is closed Sundays and Mondays
**Weekly**
Sales $20,346
Rent $2,139 (inc Outgoings)
Net Profit $2,251
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