Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Cheery Seaside Bistro On Idealic Kangaroo Island For Sale

Penneshaw, Kangaroo Island, South Australia, Australia
Asking Price:
$50,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (AUD)
Cash Flow:
Under $50K (AUD)

Established in 2018, this restaurant / bistro is sold as a going concern with a regular clientele as well as attracting visitors to the island as a result of excellent reviews on TripAdvisor and other social media.

Has both indoor and outdoor seating with expansive views across the Investigator Straight to mainland Australia. (14 kms ferry ride)

Our extensive menu is served betweeen 5pm and 8:30pm Monday through to Saturaday.

Existing contracts with travel agencies make up a substantial amount of take-away business as do travellers returning to the ferry. (They have to pass the business on their way back).

The business provides a wonderful opportunity to live on the island whilst running your own successful business.

Sold, fully fitted, all equipment etc. with long lease negotiable

Please make contact if you are genuinely interested, no chancers.

Property Information

Real Estate:

Lease

Lease Terms:

To be negotiated with landlord, but currently 5 x 5 years

Leasehold Rent:

$19,800 (AUD) per annum

Location:

Road Frontage just 400 meters from the ferry terminal. Enjoys great views across the ocean with both indoor and outdoor dining

Premises Details:

The restaurant / bistro is located in a 100+ year old building which has been remodeled inside to the very highest standards. Dropped ceilings, table service, quite dining but still relaxed enough to attract families with children. Indoor seating for over 40, outdoors for 4 tables.

Size in square feet:
75m2 dining area

Business Operation

Expansion Potential:

The business currently only operates Monday to Sunday - dinner only
The opportunity to open 7 days and longer hours would be at the discretion of the new owners

Competition / Market:

There two dedicated pizza shops, the local pub, two coffee shops come café dining and The Corridor which offers a full a'la Carte menu with sit down dining. It is widely considered the best restaurant in town with high ratings on TripAdvisor and other social media.

Reasons for selling:

Retirement

Trading hours:

5 - 8:30 Monday to Saturday

Employees:
Owwner run with casuals
Years established:
2,5

Other Information

Support & training:

Full Hand Over

Furniture / Fixtures value:
$50,000 (AUD) - included in the asking price

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here