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Thriving FUNCTIONS VENUE and CAFE with Lake Views in lea...

Business for Sale
ACT

BS7496 Well known venue / caf: Sale Price $325,000 Turn Over $750,000 Profits to Owner $150,000 Extremely low rent: $730 p/week The business and venue is surrounded by rolling woodlands overlooking

Price $325,000

Thriving FUNCTIONS VENUE and CAFE with Lake Views in leafy ACTON

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
BS7496

Well known venue / caf: Sale Price $325,000
Turn Over $750,000
Profits to Owner $150,000
Extremely low rent: $730 p/week

The business and venue is surrounded by rolling woodlands overlooking Lake Burley Griffin.

The Restaurant Business:

The usual day trade (Monday to Friday) sees the caf serve breakfast and lunches and coffee to academics, students, visiting scholars and tourists.
Sundays are usually booked out for a relaxing brunch and lunch trade.
The restaurant has an extensive menu which includes breakfast, lunch and tapas, beer and wine.
The restaurant is licensed to seat 186 people. Seating options include the lawn area, outside deck, inside restaurant area and in the outside courtyard.

The Function and Event Business:

With its views over the lake, the sweeping terrace and large outdoor area, the location proves to be perfect venue for weddings and events in the summer.
There's also a private function room tucked under a fully covered balcony that could be used for wet weather receptions.
The prospective brides or people celebrating birthdays or planning parties can have 3 marquee options to choose from: the lawn, the open deck or the courtyard.
Parking over the weekends is no problem for guests who can park their car securely across the road.


BUSINESS HIGHLIGHTS

Fully trained Chef and Staff
Established Cafe with guaranteed weekly trade
Popular venue for weekend trade
Functions and Events Business with a $100K in confirmed bookings up until Dec 2017
Functions and Events enquires in 2018 amounting to a potential $300K as at time of this document being written. (Mostly wedding enquiries)
Low Rent
Predictable Turnover
Historic Venue
Central Location In Canberra

The Owners are fully committed to a proper and thorough handover to ensure the welfare of staff / clients and incoming owners alike.

This location and setup is absolutely unique and a one in a lifetime opportunity.

Asking Price is set at $325,000 + SAV (Approximately $5,000)

Contact Seller

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Contact: Xcllusive Business Sales
Phone: 02 9817 3331

Bsale ID: 156282
Agent ID: 3972574




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