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Classic Tavern

Business for Sale
Classic Tavern
Canberra

Classic tavern approaches $1 million sales

Sold

Classic Tavern

Stock Included: Yes
Stock Value: 13,000
Years Est:
Gross Revenue:
This long-established tavern is run under management with minimal owner involvement and boasts upward-trending sales exceeding $960,000 in 2013-3014, demonstrating a strengthening local market.

The business benefits from a prominent location at the local shops. It is walking distance from very many nearby homes and is serviced by a large free car park.

Punters are attracted by the betting facilities, and there are no pokies, so there’s no need to worry about tightening poker machine regulation. The business is profitable without them.

The rent is very reasonable for such a large premises, which can accommodate up to 200 patrons, and with options exercised is leased until December 2025.

A full complement of staff is in place. At present the only involvement of the owner is back-end work such as accounts payable and banking, assisted by the bookkeeper.

The option exists for the new owner to continue operating the business as a passive investment or to take a more hands-on role to accelerate return on investment.

Asking price $99,500.
Stock approximately $13,000

To find out more, please express your interest by using the ‘enquire’ form on this webpage or alternatively enquire via email to sales@capitalcommercial.com.au

Lead agent Frank Walmsley
0400 446 605
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