Broome Bar & Restaurant, WA - $400k+ Profit

Broome Bar & Restaurant, WA - $400k+ Profit

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Preview Listing
Preview Listing

Location Details :

Country

Australia

State

Queensland

City

Brisbane


Industry :
Food/Hospitality - Restaurant ; Food/Hospitality - Takeaway Food ;

Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

-x

About the business

Perched on the outskirts of Broome’s Chinatown, The Aarli has been owned, operated, and loved by her owners for 19 years. This iconic slice of Broome bustles with its blend of fast-paced Asian Fusion delights and a warm friendly atmosphere.

The loyal team’s passion for amazing service combines perfectly with the mouth-watering delights from the kitchen. So much so that The Aarli has featured in WA Good Food Guide, where it was voted in the top 500 restaurants in Australia.

In his West Australian Newspaper column ‘Broadbrush’, Rob Broadfields wrote; “The Aarli is worth getting on a plane for”. He went on to add “Broome is one of the most wonderful and unique places on earth. Aarli Bar is its best restaurant.”

The Aarli has an inside Airconditioned room seating approximately 50 and boasts a full bar set up with an array of tap beers and fridges. The alfresco area seats approximately 70 people in its tropical garden setting.

The current population of Broome is 14,000 with the dry season seeing in excess of 30,000 tourists visiting at a time, with over 1 Million visiting annually.

Key Features and Benefits:
-Over the past 19 years this business has created the perfect blend of a strong local following, tourists returning annually, and waves of people realising their dream by visiting Broome for their very first time.
-The owner’s passion has created an excellent reputation known throughout both WA and Australia
-There is an opportunity to host private events, plus it has a liquor license that allows patrons to enjoy alcohol without a meal
-The Aarli can host 3 settings per evening enabling maximum return on investment for its owners
-No love is spared in keeping up the aesthetics as The Aarli receives an annual painting. This is part of her maintenance plan that takes place over the Christmas break when the business is closed for 5-6 weeks. Again this presents an opportunity should her new owners choose to operate throughout this period.
-All equipment is thoroughly serviced and relatively new
-There exists an excellent opportunity due to local demand for takeaway food. The owners have provided this in the past, though they now don’t, this due to current sales levels reaching a point that they are happy with
-The Aarli’s solid financial records contain more room for growth, as some owners may wish to extend trading, further than its current 5 days each week

Reason for selling: The husband oversees the business now on a daily basis whilst his wife manages the administration and bookkeeping. They have a catering and events business and if sold would be leaving town and this business would go also. They would happily pass on forward bookings to the new owners if catering was something they might like to continue doing.


Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Price: $449,000

Finn Business Sales
thefinngroup.com.au
1300 535 932

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