Listing status: Inactive
Reason: --
The Most Successful Restaurant in the Western District of Victoria
The Most Successful Restaurant in the Western District of Victoria
Industry :
Leisure/EntertainmentSub Industry :
Bars/NightclubsAbout the business
Listing Number: 1AU027
Would like to own one of the most successful restaurants in the western district? Look no further. We have a fantastic leasehold business for you, on offer to the market for the first time in over twenty years.
This is a genuine sale with the owner now considering retirement and the business has the flexibility to be run under management or is ideally suited to a couple or partnership with industry experience to stamp their own personality on this excellent business.
The restaurant, located in the vibrant, regional coastal city of Warrnambool has a proven track record of consistency and growth and has an outstanding location right in the heart of the city in the main dining precinct and is set in a beautiful heritage building. With indoor seating for 120 plus a very attractive outdoor European style dining terrace and a large, private function room the restaurant offers varied dining options and along with a high turnover delivery/ takeaway business it truly creates multiple streams of income.
The cuisine on offer is predominately Australian/European and the restaurant is particularly known for its steak, oysters, cocktails and desserts although it offers a broad range of dishes appealing to a wide demographic. It is a pleasure to exclusively offer this business to the market.
The business is priced at $494,000 + stock at valuation. Inspections are by appointment only. Contact the broker for further details.
Disclaimer: Photos are for illustration purposes only and may not be the actual images of the business for sale. THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Keywords: restaurant, cafe, cocktail, bar.
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$494,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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