This 100 seat plus restaurant and bar is used as a cafe and boutique bar, operating over extended hours. The premises have outdoor seating. No expense spared in the fit out of this restaurant and bar, with all work done to the modern standards and specifications required for food and bar areas.
The rental terms are attractive with a 5 x 5 x 5 lease term at $50,000 per annum.
The business has a systemised computer software with all revenue, expenses and employees on record.
- Unbeatable position with huge street exposure.
- Trading 6 days in summer and 5 days in winter season
- Strong clientele, locals and visiting tourists
- Over 45% of revenue from beverages
- Very attractive rent of $961.00 per week
- Long lease with 2 x 5-year option ending 2031
- Full-time manager with a team of well trained staff
- Excellent location within 100 metres to the beach
- Good systems in place provides ease of operation
- Huge potential for growth, Brand New – opened in April 2017
- Premises can cater for parties, functions
- They have craft beer on tap.
The opportunities to improve the business are endless. Make it your own, update the menu, extend trading hours, increase catering, the sky is the limit.
An opportunity for an entrepreneurial food operator to acquire a state of the art fitted out restaurant / bar in one of the most popular sea side location on the Sunny Coast. There is immense scope to expand the food and operating range of the business.
The owners will provide a thorough handover process.
Business asking price: $ 395,000 + stock
Stock maximum value: $ 15,000 approx.…
The sale price of $395,000 includes all plant, equipment and goodwill