Thai Thirst - The Price Will Move You
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If you want to own a restaurant in Canberra then owning a restaurant in the Melbourne building should be on the top of your must-have, and I want list.
Capital Commercial Business Sales are excited to offer this hospitality offering to buyers that are looking for exceptional value and can see opportunity where others may not.
Mezzalira, The Charcoal Restaurant and P.J O'Riellys are some of the well know favourites located no further that 100 meters from Thai Thirst, and new favourites such as the Highball Express and Bar Rockford (already a cult favourite), are also located in the same building.
The restaurant is the perfect blank canvas for an aspiring restaurateur. Not only is it surrounded by Stella draw card co-tenants like Mezzalira and Bar Rockford, it is perfectly positioned on the door-step of the ANU and the legal fraternity of Canberra.
Every body knows, when it comes to business sales, that you make money when you buy and make no mistake there is a bargain to be had here.
After 15 plus years of running the business the owners time is now divided with other business interests unrelated to the bar and restaurant operations of Thai Thirst. This change of direction and lack of owner attention explains the decline in sales in this premium hospitality location.
Seeking a seamless, and ideally, pre-Christmas transfer to you, the current owner has set a reasonable and level headed price. We tried to explain to them that the location was in high demand, because of the ongoing development in West Civic, the abundance of parking (that Braddon and Kingston don't offer), its proximity to new favourite venues. We tried to explain that the cost to fit-out out an equivalent restaurant would likely exceed $200,000 - but they wouldn't have a bar of it, and decided to list the business for a bargain price. Snapshot of the business:
- Weekly turnover: $8,231.44
- Rent weekly: $2,865.19
- Fit out value: $200,000+
- Website address: http://thirstwinebar.com.au/
Contact exclusive business broker Ian Lampl at email@example.com or by calling 1300 793 690