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Award Winning Highly Profitable Restaurant & Bar - Bathurst
Award Winning Highly Profitable Restaurant & Bar - Bathurst
Industry :
ProfessionalSub Industry :
BrokerageVine & Tap is a highly profitable and award winning restuarant & bar in the heart of Bathurst. There is a fantastic combination of inside and outside seating that compliments the current modern and contemporary Italian menu. The venue also operates as a wine bar with many patrons just visiting for drinks only.
The menu is unique in the region as it is designed for dishes to be shared between patrons at each table. This helps to create a relaxed and friendly atmosphere. A new owner could easily adapt the Italian menu to suit their own cuisine and theme if desired.
Inside there is a high quality fitout for entertaining guests. There is ample seating on the ground floor and an impressive high ceiling mezzanine. The courtyard is one of few in Bathurst, it is secluded from the street with a cobble stone rustic European feel. All up the establishment is licensed to comfortably seat 155 guests inside and out.
The owners choose to open the business for limited hours during the week to suit their lifestyle. A new owner would have great potential to grow the busines by extending operating hours outside the current 2 x half day trade (dinner service) and 3 full day trade (lunch & dinner). They also close for 5 weeks during the year and are closed on all public holidays.
The restaurant and bar has a large local and national following and boasts the following achievements and highlights:
- Australia Good Food Guide 2019
- Sydney Weekender (featured on television)
-Beef & Burgundy (Bathurst) – Winners of Best Dinner
2019
-Vogue Living Magazine May 2020
-The Australian Weekender (Travel & Indulgence
Section) 19 September 2020
-Financial Review 26 March 2021
-Finalist in Restaurant & Catering Excellence Award
2020
-Recommendation Badge for Restaurant Guru 2021
(Worldwide Restaurant Guide)
Sale Price $280,000 + SAV
For more information about this exciting opportunity please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au
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$280,000
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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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