$1,250,000 – Turnkey Fit-Out in Premium Position in Canberra's CBD

Business Details

Wilma and Pearl Restaurant and Bar – $5,000,000 Fit-Out Value
 
This is your golden opportunity to own Wilma and Pearl Restaurant and Bar, a beloved and iconic establishment in Canberra. Offering exceptional value, this incredible business is available for just $1,250,000, despite a remarkable fit-out value of $5,000,000.
 
Enjoy unparalleled foot traffic and parking, ensuring a steady stream of patrons. Strategically positioned in the heart of Canberra’s CBD, this venue guarantees visibility and accessibility, with two luxurious hotels under construction just 100 metres away.
 
Key Features:
 
Prime Location: Centrally located in a high-traffic area, in Canberra's bustling CBD.
Modern Interior and Fit-Out: Beautifully designed 700sqm space with chic décor, creating a warm and inviting atmosphere.
Fully Licensed: Licensed for trading 7 am to 4 am, accommodating over 500 patrons.
Turnkey Operation: Ready for immediate takeover with a dedicated, experienced staff team.
Renowned Cuisine: Famous for its contemporary and classic dishes, loved by patrons.
Event Space: A sought-after venue for private events, parties, and corporate functions.
Competitive Rent: Long lease in place at $31,000 monthly (including GST and outgoings).
 
Why You Can’t Miss This:
 
Priced to Sell: Incredible value at just $1,250,000, a fraction of the establishment's fit-out cost.
Proven Turnover: Generating approximately $4,000,000 annually, with an average of $70,000 weekly revenue in the 23-24 financial year.
Established Customer Base: Loyal clientele and excellent online reviews.
Immediate Revenue: Start earning from day one with consistent income streams.
Growth Potential: Expand operating hours, diversify the menu, and enhance marketing strategies to drive further success.
 
How to Access More Information:
 
Please fill in the enquiry form, providing your Full Name and Contact Mobile Number, and we will send the information package prepared by the seller once you have signed a confidentiality agreement.

Financial Snapshot

Reporting Period Weekly Average Weekly Average Weekly Average

Business Summary

Canberra, 
Hair dressing, beauty salons & day spas,
Bars/Night Clubs.
The premises are subleased.
• Lease commenced: 7 November 2017  
• Lease expires: 1 November 2028
• Term of the lease: 10 years
• Period for first renewal: 5 years from 2 November 2028 to 1 November 2033
• Period for later renewal: 5 years from 2 November 2033 to 1 November 2038
• Bank guarantee: 3-month bank guarantee, allow an amount of $84,307.08 plus GST
• Base rent: $277,950.00 plus GST per annum
• Current monthly rent: $27,752.36 plus GST 
• Current monthly outgoings: $350.00 plus GST  
• Annual increases: CPI increase per annum. Review date is each anniversary of the commencement date.
• Public liability insurance: $20 million
• SQM: Approx. 687 SQM
Parking and public transport: Plenty available, tram 150m, Canberra center parking 150m
 

1 Restaurant Manager
1 Head Chef
1 Bar Manager
1 Assistant Restaurant Manager
1 Assistant Bar Manager
10 Wait Staff
8 Bar Staff
3 Harvac Group Executives
Monday 5:30pm – 9:30pm
Tuesday 5:30pm – 9:30pm
Wednesday 5:30pm – 9:30pm
Thursday 5:30pm – 9:30pm
Friday 5:30pm – 9:30pm
Saturday 5:30pm – 9:30pm
Sunday 5:30pm – 9:30pm

Enquire Now

Sales Summary

Sale Status : For Sale

Sale Method : By Negotiation

Investment Amount : $1,250,000

Stock at Value : $0.00

Finance Options :

Frank Walmsley

0400 446 605

sales@capitalcommercial.com.au