This is a unique opportunity to grab a fully operational turnkey business in a stunning coastal location, for a great value purchase price. Simply take over and start trading straight away.
If you've always wanted to be your own boss and have your own place. Then now is the time to act, don't miss out on this great value opportunity. Plus what about the chance to live in an awesome coastal location and enjoy all that coastal life has to offer?
Some of the key features of this fully established seaside Italian restaurant are;
Consistent and reliable year-round revenue situated in a prominent waterfront coastal location, ensuring high foot traffic and easy access for both locals and visitors.
Low rent with 2% fixed annual increases, which is a rarity
Fully operational and ready for an easy transition. Everything is up to date and in place, and the equipment is in excellent condition. You don't need to spend another cent. Great turnkey business, start trading straight away.
The waterfront location offering indoor and covered outdoor dining options provided a relaxed and inviting atmosphere.
Fully Licensed
Full Commercial kitchen with grease trap, loads of storage, modern fit-out with an extensive list of well-maintained equipment
Arguably it's most enviable feature is that it is the only Italian restaurant in the local area and boasts a simple yet highly popular menu. Whether it is takeaway, casual dining or a romantic dinner for two the menu and drink selection has something for everyone. Another key factor is it's low rent as well as enjoying regular and consistent turnover.
There is also definitely strong opportunities for a new owner to increase sales and drive revenue even further by growing online sales, expanding trading hours, opening for lunch, chasing more delivery service options, chasing functions and catering opportunities. There are loads of possibilities for a motivated new owner to take full advantage of the many income opportunities that are available.
This is a fantastic opportunity to acquire a well-established business in one of the most sought-after locations on the Sapphire Coast, with excellent potential for growth and further success.
Lease Details
The current lease is until December 2027, with fixed 2% annual increases.
Premises Details
The premises are warm, and inviting, and a commanding outlook and recently updated furniture help to provide a fresh vibe for diners. The fully fitted commercial kitchen has ample space for comfortable menu preparation and plenty of fridge, freezer, and dry storage.
Staff Details
The business is currently operated by three full-time staff(one of which is an apprentice) and a team of enthusiastic and engaged Casual staff.
Opening Hours
6 evenings Tuesday to Sunday from 5pm
Opportunity
This business screams opportunity. The owner is not currently present in the business and would be ideally suited to a hands-on owner-operator who can make instant savings in some key areas as well as drive the revenue line. The new owner could extend and expand the trading hours and offer lunch service, source more functions, and catering opportunities. You could easily do weekend day trade as a café and then evenings for pizza & pasta. You could add a delivery service and push more takeaway. There are loads of opportunities just waiting for a new owner to take advantage of them.
**Weekly**
Sales $14,550
Rent $750
Wages $4,960
Net Profit $1,830
