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Restaurant And Bar In Orange NSW For Sale

Orange, New South Wales
Asking Price:
$185,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (AUD)
Cash Flow:
$100K - $250K (AUD)

Restaurant / Bar for Sale – only one building (30 metres) from corner of city's main street - great growth potential – reluctant sale due to medical development/ new physical restrictions on current owner.

We are the only venue which focuses its entertainment around that demographic that has outgrown the pub and club scene, and look for a delicious dinner and entertainment afterwards. Whilst a new owner can do what they wish with the venue, I have had so many messages from my regulars and the many visitors to town who have found us, to NOT close/ sell, as there is NOWHERE in Orange like us. I have expressed to these wonderful people that I hope to sell to someone who will possibly look at keeping our point of difference to everyone in town.

When it comes to looking for a business that has a solid and original foundation, look no further. Here is an amazing opportunity to be the new owner of this restaurant & bar (with Small Bar licence) that was started from scratch 2 years ago and has now acquired the services of a young NZ award winning chef with whom we have changed to the provision of “hat-worthy” dining at affordable prices, with the ability to develop/ renovate into a full fine dining experience -( the business would ideally suit an owner/ chef or a couple to run front & back of house together.)

With a quickly developing, loyal customer base this rare opportunity is perfect for investors or an owner-operator setup who wish to capitalise on the amazing food and wine culture of this fast-progressing and growing inland city. Recent developments in the immediate area are presenting a rapid growth in corporate customers (new Quest apartment/ hotel at the end of street have a “charge-back” system with us and other venues in Orange), and along with our regular customers who love the great food, personal service and intimate feel of the venue, the future is wide open for expansion.

We have regular bookings for group dinners and functions, with many workplace Christmas functions booking the whole restaurant on a repeat basis. This provides great opportunities to keep spreading the word about the venue – which has proven to be our best marketing tool.

We have constantly received great reviews in social media and are definitely developing into what will become one of Orange's staple food and wine venues – along with the weekly live and local musician based entertainment we provide, the business covers all the bases that the locals and visitors alike are after.
Orange is one of the states fastest emerging tourist destinations, known for its wineries (we currently stock 6 local wines plus our house wine), fresh food and historical attributes. Known as 'Australia's Food Basket', the region is a haven of vineyard-dotted hills and abundant stone fruit and orchards.

The restaurant has a fully-equipped commercial kitchen with all the amenities and equipment This well-appointed cafe with a relaxed fit-out offers an elegant backdrop for gourmet snacking , delicious lunches and great dinners filled with relaxed conversation. It has table seating for 50 customers plus wine barrels with table tops and a large solid river gum table for 10 at the bar. Each day there is regular walk-by traffic with many regulars dropping in to sit down, relax and enjoy – and council is soon undertaking a CBD rejuvenation which includes possibly converting the street to a pedestrian plaza which will provide amazing outdoor dining possibilities.
The business promises a high-growth potential which can be realised by a farsighted entrepreneur. There is huge potential to expand the business through social media marketing and rewards system for loyal customers. This fresh, local business is priced to sell and will not last long on the market.

Owner is reluctant to sell but recent medical diagnosis requires retirement from any work in the immediate future. He has put a lot of time and money into riding through the initially hard periods experienced by all start-up restaurants, and is only seeking the current depreciated value of equipment and furnishings, S.A.V and a small amount of goodwill for effort and money used to push through the period which often sees such businesses fail.

This business is all set for you to walk straight in and trade immediately, no setting up required!

Features of our restaurant and bar:

- Well-recognised restaurant and weekend cocktail/ entertainment bar, with a very intimate feel which is missing in the other such venues.
- Well known venue for local acoustic musicians who love playing here
- Well stocked cocktail bar with most of the current wines being from local wineries.
- Current Annual turnover of $300,000 + , potential for much higher
- Good foot-traffic and visibility with a growing loyal customer base.
- Inviting ambience and a kitchen loaded with all the required equipment
- Massive growth potential especially with the local council's plans for CBD redevelopment
- perfect opportunity for a cook or chef wishing to start their own name building venue by taking over an established business.
- “ready to go” - the business is currently operating and re-increasing their trading days for the incredibly busy spring, summer and holidays period

This is an opportunity of a lifetime for a hospitality-driven entrepreneur to invest in a promising business opportunity with high-growth potential. With so much on offer, this business will not be on the market long. So hurry up and call the number above TODAY for a confidential discussion!

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Lease Terms:

3 years remaining on 5 year lease with option for next 5 years

Leasehold Rent:

$49,152 (AUD) per annum

Location:

One building from Main Street in Orange - highly visible

Premises Details:

Free standing Concrete building

Size in square feet:
219 sq metres
Planning Consent:

Restaurant and small bar DA is in place, premises has Small bar liquor license.

Business Operation

Expansion Potential:

With the Orange City council's CBD rejuvenation plans, there is specific talk of changes that will have an IMMENSE impact and increase foot traffic beyond even the Main Street.

Competition / Market:

No other venue in Orange provides casual contemporary dining and a small bar/ music venue aimed at the people who have outgrown the noisy pubs and clubs, but want live acoustic entertainment

Reasons for selling:

Was medically retired from Fire Brigade 9 years ago. Set up venue for my son, who I have removed from premises due to "wastage", have finally turned everything around after a bad winter, but now my back injury require further surgery in 5 months time, and have been highly advised to STAY retired if I want to keep walking.

Trading hours:

Wednesday to Saturday - Lunch and dinner

Employees:
4
Years established:
2

Other Information

Support & training:

Current owner will provide training for one week in use of specific items and introduction to any regulars who come in. Chef is very keen to stay - she is amazingly talented, but ideally suits an owner/ chef and partner to minimise wage outgoing.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Vendor finance up to $24,000 - maximum 2 years to repay

Furniture / Fixtures value:
$90,000 (AUD) - included in the asking price
Inventory / Stock value:
$15,000 (AUD) - included in the asking price

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