Price
$69,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Hobart - Greater Area, Hobart
Category
Food/Hospitality, Restaurant
Listing #
TA00339
Iconic Hobart CBD Burger Bar & Rooftop | Approx. $320k Fit-out | Offers Over $69,000 WIWO
The Standard Burger has traded from 177 Liverpool Street, Hobart CBD, since 2014, occupying a prime position at the entrance to the Elizabeth Street Mall beside Myer, Cat & Fiddle Arcade, Wellington Centre and Bank Arcade.
The sale includes the fully fitted venue Walk-In Walk-Out, with an estimated $320,000 in commercial fit-out and equipment, including an open kitchen, walk-in cool room, licensed four-tap keg bar, commercial projector and sound system, POS system, arcade, and rooftop terrace with city views.
Also included are the established brand, recipes, social media accounts, and a 4.3-star Google rating from 630+ reviews.
This is an asset-value and turnaround opportunity. The business has recently traded below breakeven after labour and rent, with clear opportunities to improve earnings by reactivating delivery, increasing bar and rooftop trade, and aligning labour with sales.
Ideal for an experienced hospitality operator or group seeking a turnkey CBD venue.
Highlights:
*Landmark multi-level burger restaurant and licensed bar
*Prime Hobart CBD location
*Trading since 2014 with established brand
*Approx. $320,000 fit-out and equipment included WIWO
*Open kitchen, walk-in cool room, four-tap keg bar, arcade, projector & rooftop terrace
*High gross margins on scratch-made products
*Clear turnaround potential
*Fully licensed venue
*Best Offers Over $69,000 WIWO
*IM & financials available on signed Confidentiality Deed
Contact Farzin Hesari or Aaron Windsor.
Listing ID: TA00335
Broker: Farzin or Megan
Phone: 0401 009 469 (Farzin) | 0406 482 253 (Megan)
Email: [email protected]
Broker: Aaron Windsor
Phone: 0419 354 412
Email: [email protected]
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
To find out more, complete an online confidentiality agreement by clicking the button below.
Click the email alerts button to be notified of other businesses that may be of interest to you.
For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
