Iconic Cambridge Restaurant Café Bar
Highly desirable and popular location #1680427
Sold: By Negotiation
Outstanding opportunity to acquire this extremely successful and highly regarded restaurant that is a consistent performer.
Massive turnover and profits, gets better every year.
The business could easily be run under management or alternatively working owner/s could further increase the already healthy EBITDA
Located in the thriving town of Cambridge and catering for locals, tourists and sporting visitors alike, the restaurant has a contemporary design with a large outdoor seating area and is ideal for large groups and functions – the private upstairs area is very popular for functions and celebrations.
Over the years it has created and set standards for quality food and service and enjoys an excellent reputation. The current owner (for the last 8 years) has continuously upgraded and improved the business, and is now ready for retirement.
There is a long, secure lease to 2029 (exercising all rights of renewal), giving peace of mind to an incoming owner.
This a seriously good business showing steady growth in a busy and affluent town.
Further information available on completion of a CA.
Price: $3.2 times earnings