Iconic Australian Restaurant closes doors

June 22, 2018 (PRLEAP.COM) Business News
"When opened the people of Bathurst didn't even know what coffee was thenů.I educated them in drinking coffee" the original (and current building) owner said. Over the years the Restaurant has been a favorite eating and meeting spot. In the last ten years, the restaurant and has changed hands several times.

In 2013 the original owner who was living a relaxing retirement lifestyle in Greece decided to come out of retirement and come back to Australia. It was given a total refurbishment back to its former glory and reopened again. Business and net profit were building up again.

Unfortunately, the owner soon became ill and had to sell the business via an urgent sale to return to Greece around three years ago. The restaurant business was again placed on the market. It changed hands and run for another three years before closing down again recently.

The Restaurant business/Cafe for Sale and now freehold property is currently for sale by Con Tastzidis of CST Properties.

The two-level property consists of a main road ground floor fully licensed restaurant for sale business opportunity and equipped commercial kitchen plus 1st floor either residential accommodation or commercial offices. The property enjoys a prime location with high foot traffic.

The restaurant business for sale currently has flexible trading hours allowing the owner either to operate breakfast, Lunch & Dinner or nights and days only to suit business owner.

Situated in Bathurst NSW around 3 hours drive from the Sydney CBD the business was established in 1958 when there were less local shops in the area.

68 William St Bathurst would suit either an owner-operator, investor, developer looking to add value of the properties prime location Alternately the current owners would consider a long lease for a restaurant cafe operator. The new business owner may like to continue with the current liquor license (STCA) and the site's history. Owners are will also consider to negotiate a long lease to an experienced operator if requested.

The freehold property and business is being sold by Con Tastzidis from CST Properties.

CST Properties are a multi award winning Commercial Real Estate and Business brokerage office based in Sydney Australia.
They specialize in the marketing, consulting and sales of Hospitality, Leisure and tourism Business Real Estate and High end businesses. This includes Hotel, Restaurants, Resorts, Cafes, Function Centres, Fun Parks, Boarding Houses, backpackers, B&B's, Motels, tourist retail, investment property and development sites.

CST Properties can be contacted on +61 2 9882 2221 or email invest@cstproperties.com or visit our website www.cstproperties.com

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