New South Wales

Former Lone Star Rib House. In Receivership For Sale.

For Sale | Refer to Broker

Restaurant

Former Lone Star Rib House Licenced Restaurant/Bar South Village Shopping Centre G12 580 Princes Highway Kirrawee Extensive Fit out & Great Location

The former Lone Star Kirrawee operated as a licensed restaurant/bar at G12 580 Princes Highway Kirrawee from approximately December 2018 until recently going into Receivership in the newly completed South Village Retail, Residential & Dining complex.

It is understood that the previous business opened before the shopping centre and adjacent large residential development had been completed.

This is an opportunity for someone to acquire all of the assets of the restaurant for a turnkey operation and enter into a new lease with the landlord who is highly motivated to find a new tenant. 

The fit out and equipment is said to have cost in excess of $1M and is largely good as new and this is an opportunity for a new owner to acquire such at a fraction of the cost.

The landlord is prepared to consider a new lease to an approved purchaser with a term of 10 years on terms more favourable than the previous operator with a preferred use as a steakhouse type restaurant & bar.

 Business Highlights

- Long lease available.

- Good location in new precinct.

- Extensive near new fit out with very little expenditure with a quick clean up and ready to operate at a fraction of the original cost. 

- Great potential.

- Seats 200+ including indoor and outdoor.

- Area 307m2 plus approximately 40m2 external.

Captive audience with residential tenants surrounding the venue. Sales Price: All Offers Will Be Considered Must Be Sold!

To complete an online confidentiality agreement visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09497 

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Ref: NSW09497
Timestamp: 20200628030027

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Rai Kollegger



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Rai Kollegger

LINK Sydney

Overview

This Restaurant Business is one of 35 businesses for sale in Illawarra, New South Wales, and one of 16 Restaurant Businesses in this region that a business for sale currently has on offer. This Restaurant Business is for sale in Illawarra for the asking price of Refer to Broker and has been on market for less than 3 months.