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

Description

Business name: Rialto Gallery Restaurant & Rialto Vino Bar

Business type: licensed restaurant and wine bar

Location: Burnie CBD, Tasmania

Trading history: several decades

Current ownership: 7 years

Restaurant trading hours: approximately 38 hours per week

Business overview

Established and profitable hospitality business comprising Rialto Gallery Restaurant and the adjoining Rialto Vino Bar in central Burnie.

The venue has a loyal customer base and an established local reputation, with lunch and dinner services supported by a separate licensed bar.

Key features

• Prominent main road location in Burnie CBD
• Fully licensed restaurant and separate licensed wine bar
• Experienced staff supporting two working owners
• Restaurant trading approximately 38 hours per week
• Wine bar currently trading mainly on Fridays and Saturdays
• Established customer base and repeat trade
• Seller-reported annual return on investment of approximately 75%

Growth opportunities

• Extend restaurant and wine bar trading hours
• Introduce private functions and events
• Develop live entertainment, wine tastings and themed evenings, subject to approvals

Sale

Offered for sale after 7 years under the current owners. Comprehensive training and handover support will be provided.

Suitable for an experienced hospitality operator, chef or family business seeking an established licensed venue.