Cafe, Bar & Restaurant
Food, Beverage & Hospitality business for sale in Warrnambool
- Food, Beverage & Hospitality
- Liebig Street Warrnambool VIC 3280
- OFFERS INVITED
Cafe, Restaurant & Bar For Sale - PRIME LOCATION, INSPECTION WILL IMPRESS!
Regional Victoria is quickly gaining a healthy reputation for great food and cocktails, and thanks to this casual Cafe, Restaurant & Bar, Warrnambool residents have a great excuse to go out for a fun night on the town. This venue has been a much-loved part of Warrnambool for over 30 years and is located on a prominent corner position in the heart of Liebig Street, well known for its cafes, bars and restaurants. The current vendors took over in November 2017 to great acclaim we were an instant hit with the locals and tourists and have built a loyal and solid following throughout Warrnambool. The business currently trades only for dinner six nights a week.
The venue has a great vibe and unique fitout, spacious dining area and private function space which could easily adapt to a multiple of different cuisines. One of the best features of this venue is that it has a fantastic "On Premise" liquor license until 1a.m Monday Saturday & 11pm on Sunday so it has the potential to be turned into a bar/pub or to continue to run as a licensed restaurant/cafe. The venue is huge and licensed for 163 patrons inside + 35 outside/footpath trading. The restaurant also has a large fully equipped commercial kitchen complete with grease trap, canopy, fryers, grill, combi oven, walk-in cool room, freezer, dishwashers plus pantry/storeroom, office area and 3 dual air-con & heating units.
Current sales are in excess of $400,000 p.a with the potential to increase by extending open hours to include a lunch or breakfast trade and increasing takeaway/delivery orders. This is a great opportunity for a seasoned hospitality operator to get into a vibrant and successful venue at a great price in one of the most popular dining areas in Warrnambool.
BUSINESS HIGHLIGHTS:
Sales of $400,000 pa
Annual net profit of $100,000 plus
Short trade hours 6 nights only
Very affordable rent and prominent corner location
On premise liquor licence until 1am (11pm on Sunday)
Huge potential to increase trade by opening for lunch & increase takeaway/delivery orders
Licensed to seat 163 inside + 35 outside
Genuine vendors ready to meet the market on price