47 Yrs Est Profitable Fully Licensed Restaurant Bar Functions T/O $12K Weekly Two in One offering

Description

A rare opportunity to acquire one of Burnie's most recognised hospitality businesses.Rialto Gallery Restaurant and Rialto Vino Bar is a fully licensed, profitable, and well-established hospitality operation with a strong local reputation and significant potential for further growth. The business is being offered to the market for the first time in seven years.Positioned prominently on a main road in the heart of Burnie CBD, the property combines an established licensed restaurant with a separate licensed bar, creating multiple revenue streams within the same operation.The restaurant currently trades for approximately 38 hours per week, providing lunch and dinner services while maintaining a lifestyle-friendly operating schedule for the current owners. The adjoining Rialto Vino Bar currently trades primarily on Fridays and Saturdays, leaving considerable scope for a new owner to maximise its potential.Additional revenue could be generated by extending trading hours and developing the venue for private functions, live entertainment, wine tastings, cocktail evenings, themed events, karaoke, and other entertainment concepts, subject to council approval.Rialto Gallery Restaurant has been serving the Burnie community for decades and has developed a loyal customer following and strong reputation. After seven successful years of ownership, the current vendors are ready to hand the business over to new operators.The business is currently managed by two working owners with the support of experienced and dependable staff. A comprehensive handover and training period will be provided to ensure a smooth transition.Business Highlights* Fully licensed restaurant with a separate licensed Vino Bar* Prominent main road position in Burnie CBD* Decades of established trading history* Strong reputation and loyal customer base* Restaurant currently operating approximately 38 hours per week* Significant potential to increase revenue through extended trading hours* Opportunity to develop the Vino Bar into an entertainment and private functions venue, subject to approval* Experienced staff already in place* Comprehensive training and handover provided* Lifestyle-focused business with genuine opportunities for expansion* Current working owners achieving an annual ROI of approximately 75%, with the potential to recover the investment within approximately 1.5 years or less based on current performanceThis is an excellent opportunity for an experienced hospitality operator, chef, family business, or investor seeking an established venue with proven performance and considerable room for further development.Opportunities to acquire businesses of this calibre in Burnie's CBD are limited.