Looking to sell?

Exceptional Restaurant Opportunity in Hobart’s Premier Suburb

TAS
Hospitality
Are you ready to own and operate a prospering restaurant in one of Hobart’s most sought-after and exclusive suburbs?
Asking Price: $173,000

About the opportunity

This is a rarely available and incredibly desirable opportunity for both experienced restaurateurs and eager new entrants looking to make a significant impact in the local food and beverage scene.

 

Key Highlights:

  • Prime Location: Nestled perfectly in a beachside suburb, just 20 minutes from central Hobart.
  • Established Reputation: Benefit from a well-patronised business with a longstanding iconic status.
  • Exclusive Market: Facing minimal competition, supported by a community that cherishes local businesses.
  • Turnkey Operation: A large, impeccably maintained commercial kitchen and a beautifully appointed dining area with an 80 pax capacity.
  • Profitable Business Model: Operating only 5 days a week with a turnover in the mid $750,000 per annum and an FME adjusted 3-year average profit of $94,479.
  • Expansion Potential: Incredible scope to expand the concept, introduce new offerings, or even explore catering options.

 

Business Details

  • Operation: Currently functioning as a restaurant with both indoor and outdoor dining spaces.
  • Facilities: Open-plan, fully equipped commercial kitchen. Modern, inviting dining area licensed fully for an enriching guest experience.
  • Team: Robust, well-trained team ensuring smooth day-to-day operations.
  • Lease: Secure, long-term lease in place to guarantee ongoing stability.

 

Investment Considerations

  • Growth Opportunities: With local F&B demand increasing, the potential to pivot the business concept or expand the menu offerings presents lucrative prospects.
  • Limited Availability: Commercial spaces in this suburb are rarely on the market, making this an exclusive chance to secure a remarkable location.

 

Why Invest Here?
Location, Community, and Quality — a combination that promises success and the pleasure of ownership in a setting that supports and celebrates local endeavours. Whether you are looking to introduce your innovative F&B concept or take over a thriving establishment with visions of expansion, this venue offers the perfect foundation.

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