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Restaurant Absolute Beachfront-Highly Successful - Full Financials Available For Sale

Central Coast, New South Wales, Australia
Asking Price:
$325,000 (AUD)
Sales Revenue:
$854,000 (AUD)
Cash Flow:
$258,000 (AUD)

The restaurant is a 'Gem' located on the western shoreline of Broken Bay, sharing the peninsula with nearby Patonga. It is a unique exception when compared with other areas of the Central Coast where rapid growth has been the norm over the past thirty years. Residences have been constructed to blend with the local vegetation which, over the years, has been maintained mostly in its original pristine condition. The appearance to most visitor's is one of bush land with houses rather than the expected opposite. The area is home or a weekend retreat for some of Sydney's media personalities. Today, this location is home to around about three hundred plus permanent residents. During weekends and holiday periods this increases dramatically!
Situated across directly on the foreshore of Broken Bay – you not only see the tranquil waters but the surrounding landscape makes for a beautiful and relaxing dining atmosphere.

The restaurant is very well maintained and looks charming, peaceful and sophisticated in these idyllic surroundings. The kitchen has undergone a magnificent transformation and with all the new appliances and the re positioned locations – has turned this into the hub of this exciting business.

Property Information

Real Estate:

Lease

Lease Terms:

Lease commenced 01/05/2017. Five year term with 1 further 5 year option.
Rent is currently $99,218.61 per

Leasehold Rent:

$99,219 (AUD) per annum

Location:

Absolute beachfront
The restaurant consists of a total area of 233 m2 (including the kitchen).

Premises Details:

Lease commenced 01/05/2017. Five year term with 1 further 5 year option.
Rent is currently $99,218.61 per

Size in square feet:
233 m2 (including the kitche

Business Operation

Expansion Potential:

There is still plenty of opportunity for this quality business to grow its revenue through catering (huge demand), functions & additional night trade. The business is currently not marketed at all and increased use of social media offers a huge opportunity to take the business to the next level.

Reasons for selling:

Owners looking to relocate away from NSW

Trading hours:

Our hours change with the seasons,
we are currently open:

Thursday, Friday, Saturday and Sunday for lunch & dinner.

Employees:
A full and experienced team are in place comprising of full time and part time casual staff. Business can easily be run under management.m
Years established:
17+

Other Information

Inventory / Stock value:
$15,000 (AUD)
Related Documents:

Contact Information

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