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Absolute Waterfront Restaurant Business In Central Coast For Sale

Central Coast, New South Wales, Australia
Asking Price:
$295,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$850,000 (AUD)
Cash Flow:
Available on request

Just Reduced for Express Sale! Motivated Vendor!
Award winning absolute waterfront licensed Restaurant/Function Centre specialising in A La Carte and brilliant wedding and corporate events.
Panoramic water views, established 25 years current owner 16 years.
Catering to locals, weekenders, tourists and regulars mainly of an extremely high income demographic.
Consistent turnover in the region $850,000 p.a. with adjusted nett to owners approx. $270,000 per annum.
October to April: Thursday to Sunday, lunch and dinner. May to September: Thursday to Sunday lunch. Thursday to Saturday dinner. i.e. 4 lunch and 3 dinners.
July/August: closed for 5 weeks.
Seats 70 or 90 canape style.
Average wedding spend $7,000 to $10,000 with approx. 20 plus weddings per annum.
Kitchen has undergone complete renovation, well maintained equipment and coolroom.
Top staff in place.
Great website and social media.
Huge opportunity to increase trading hours and days and increase wedding and corporate marketing.
Highly profitable lifestyle business.

Price: $295,000 + SAV SAV: Approx $10,000
Region: Absolute Waterfront Exclusive Upmarket Location
Turnover: Approx $850,000 per annum
Adjusted Net: Approx $270k per annum
Permanent Staff: Vendors, 1 Sous Chef, 1 Chef, I Front House
Casual Staff: 4 casuals as required plus 1 kitchen hand
Years Established: 25 years, current owner 16 years
Lease Terms: 4 year plus 5 year option
Lettable Area: 200m2 plus 120m2 storage
Rent per Calendar Month: $8,000 p.c.m. plus GST plus Outgoings

If you want more information you MUST fill out a confidentiality form. Find the business on our website and download Confidentiality agreement.

Property Information

Real Estate:

Lease

Lease Terms:

4 year plus 5 year option

Leasehold Rent:

$96,000 (AUD) per annum

Location:

Absolute Waterfront Exclusive Upmarket Location

Premises Details:

200m2 plus 120m2 storage

Business Operation

Expansion Potential:

Huge opportunity to increase trading hours and days and increase wedding and corporate marketing.

Trading hours:

October to April: Thursday to Sunday, lunch and dinner. May to September: Thursday to Sunday lunch. Thursday to Saturday dinner. i.e. 4 lunch and 3 dinners. July/August: closed for 5 weeks.

Employees:
Vendors, 1 Sous Chef, 1 Chef, I Front House. 4 casuals as required plus 1 kitchen hand
Years established:
25 years, current owner 16 years

Other Information

Furniture / Fixtures value:
$30,000 (AUD) - included in the asking price
Inventory / Stock value:
$10,000 (AUD)

Contact Information

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