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Established Leasehold Restaurant in Tourist Destination

Leasehold price: $215,000 + SAV ONO

Kangaroo Valley, New South Wales

Established Leasehold Restaurant in Tourist Destination

Bistro One46 offers an outstanding opportunity to purchase an established leasehold restaurant in the heart of Kangaroo Valley, one of the most popular tourist destinations in New South Wales.
Just over two hours from Sydney and Canberra, Kangaroo Valley offers both convenience and lush surrounds, with its rainforests, gently sloping hills and a dramatic mountains.

An idyllic escape from the bustle of city life, this great investment offers a growing customer base, steady tourist trade, and an enviable lifestyle. Now in its fifth year of operation, Bistro One46 was renovated in 2012, with new carpet fitted in 2015, and the business is offered on a Walk In Walk Out basis.

Light and airy with its lovely big windows, the venue seats 50-plus inside, plus another 30 on the pretty balcony, the latter covered with a wonderful grapevine planted 30 years ago, when a restaurant was first established on the site.

Day-to-day income is substantially boosted by the many regular events that take place in Kangaroo Valley, including the Folk Festival and Arts In The Valley; bus, tour and garden groups, and promotional events, such as Xmas in July, Showcase Wine dinners, Mother's/Father's Day, and Christmas Day. Most Saturday nights are booked out (55-65 pax per night).

The restaurant is currently run by a husband (chef) and wife (maitre d') team, with the help of loyal staff. The apprentice chef and casual staff could be interested in staying on.

Additional features:
- Long-term lease, reasonable rent plus all equipment and furniture included
- Good online presence with active website and great ratings on Tripadvisor (#1 in Kangaroo Valley and #8 in Shoalhaven)
- Potential for additional on-site residential property (separate to lease)

Kangaroo Valley's huge tourist and guesthouse capacity makes this business an A1 purchase, with the potential to open more days, build mid-week groups, and offer breakfast on weekends.

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Last updated: 8th October 2016

Summary

Property Type
Business
Contract Type
For Sale
Location
 Kangaroo Valley
State
 New South Wales
Price
Leasehold price: $215,000 + SAV ONO
Category
  • Restaurant

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Agency

Coast to Coast Media

Contact

Coast to Coast  Media

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