The owner has shared that they will consider a vendor finance arrangement with the right buyers and also their willingness to assist a new owner in multiple ways to allow for a seamless and easy transition.
There is an excellent opportunity for someone looking to get into their first business and start trading straight away with this already established, reputable business in an awesome location, while at the same time making a name for themselves. If you are looking for a sea change and the chance to enjoy an amazing Coastal lifestyle, then this business is for you
This is a fantastic lifestyle and business opportunity. The restaurant is open for Lunch Wednesday Sunday 12 2 pm and Dinner Thursday Saturday nights from 6 pm.
Awesome, picturesque waterfront location, with stunning panoramic views.
$23k average weekly turnover
Rent is great value at less than 5% of turnover.
Long-term security with 3x3x3 year options on top of the current lease.
Currently only operating 4-1/2 days per week.
Extensive list of well-maintained quality inclusions.
Loads of opportunity to expand and grow.
Completely established, takeover and start trading straight away.
There is plenty of potential with multiple opportunities for a new owner to increase revenue. E.g. Expand on the opening days and hours, explore catering opportunities, explore function opportunities, explore themed or event dinners.
The premises are a purpose-built restaurant with a full commercial kitchen, with modern well-maintained equipment, a cool room, an abundance of dry, cool, and freezer storage, as well as a wine store, a separate office, and an herb garden. The restaurant is complimented by a 60-seat dining room with heating and cooling, plenty of clear views of the water, and a large outdoor area for more relaxed occasions.
A business of this caliber, in this type of location, are hard to come by and are tightly held. This is a must to inspect, and once you seen this place you will not be disappointed.
Staff No
The business is currently operated by the owner, 2 full-time staff, and a team of casual staff.
Lease Info
A new 3-year lease commenced January 2024 with 3x3x3 year options available, plus an option to purchase the freehold
Trading Times
Very Appealing Lifestyle Oriented Hours! The restaurant is open for Lunch Wednesday - Sunday 12 - 2 pm and Dinner Thursday - Saturday nights from 6 pm.
Size of Premises
Full commercial kitchen, cool room, wine storage, office, herb garden, loads of storage. Immaculate 60-seat dining room with heating and cooling. Expansive casual outdoor seating area.
Opportunity
Extend the trading hours and days. Establish a catering side of the business. Promote and source functions, and regular themed dinner events are all wonderful opportunities that are available for the new owner.
**Weekly**
Turnover (inc GST) $22,972
Rent $1,339
Wages $8,298
Net Profit $1,895
