Unique Opportunity Reception Venue&Cafe
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Unique opportunity - Beautiful location
Set among 22 hectares of beautiful manicured gardens a rare opportunity to purchase an independent wedding reception venue and a busy low maintenance cafe all under the one lease.
The beautiful reception venue which seats 220 for formal dining and 300 for canape style functions offers a full bar, separate bridal room, 180 degree views of the landscaped gardens and a private courtyard.
Although a popular wedding destination the versatile space also caters birthdays, presentations and conferences and has a strong history as a cabaret venue.
The cafe currently operates 7 days per week (9 till 3) servicing both residents and a large number of visitors as the Botanic gardens is wagga's most popular tourist destination (No.1 on TripAdvisor) and provides coffee, drinks, cakes and light refreshments.
A Fully Equipped commercial kitchen with walk in cool room and freezer services both the cafe and the reception center.
The business is fully licensed 7 days till 2AM with the on premise license applying to the reception center, the cafe and the adjoining courtyards.
A 14 year lease ( 9 + 4) offers security and peace of mind while the extremely low rent 30k per annum represents less than 7% of turnover and is tied to CPI ensuring it will stay low going forward.
In addition the lease holder has exclusive rights to all catering within the grounds of the botanic gardens, granting a captured market and great potential for expansion.
The venue is currently run under management with occasional assistance of the owner during large events. This reception center and cafe beckons an energetic operator to now take the reins to drive this business to its new full potential.