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Restaurant And Bar Northbridge Wa

Business for Sale
Restaurant and Bar
Perth WA

NET PROFIT UNDER MANAGEMENT $200,000 PER ANNUM. PRICE $435,000. Very Long Lease at CPI plus Options. Brand new fit out only 6 months ago.

Sold

RESTAURANT AND BAR NORTHBRIDGE WA

Stock Included: Yes
Stock Value: 10K to20K
Years Est: NEW 6 months
Gross Revenue: 1,000,000

Located in Perth West Australia, first time offered for sale.  Brand new, Owners must sell due to non business issues. Check for yourself, this is a terrific and rare opportunity. Secure with all the hard work done. Asking $435,000 (plus small stock). Superb restaurant seating 120 with fantastic bar. Magnificent with fantastic menu, cocktails, beers on tap. Bar licence and restaurant. Over $1,000,000 to replace today. Super professional kitchen. Run under absentee ownership sometimes by one of the partners but mostly under control of staff. You must not miss this.

Long new lease over 14 years at CPI rent reviews. 550sqm and rent is only $5,000 net per month. You will be blown away how good this place is for the rent when you see the location and area. Reasonable rent and the business is priced realistically to sell today.

It is absolutely the best licensed food and beverage venue currently available. Partnership breakdown and Owners want it sold. Neither can agree to buy the other out.

Plant and Equipment is superb and the business has a terrific atmosphere. Currently operating only 6 nights due to current partnership situation as partners have other full time commitments.

Current turnover is $20,000 per week trading only 6 nights. Current net approx. $4,000 per week. Fantastic concept. Needs a fulltime owner/manager. Real potential to spiral this business upwards.

For a confidential discussion please contact John at JP Real Estate & Business Agents on 0418 514 577.

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