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Restaurant - Bar - Seafood - Restaurant Bar Near Nsw/Qld Border Sales $70kpw Profit $15k Pw 100 Seats - Lic For Sale

Sydney, New South Wales, Australia
Asking Price:
$899,000 (AUD)
Sales Revenue:
$3,640,000 (AUD)
Cash Flow:
$780,000 (AUD)

Restaurant and Bar with extraordinary trading for the last 29 years - Specialises in fresh local seafood. - Menu also includes crab soup, lobster bisque, mixed salads, range of meat dishes, pork, chicken. etc. - The name is not being sold, however there is a transition period or the buyer can keep the trading name under licence. - Current figures as shown on profile. - Full state of the art commercial kitchen. - Bar area with undercover seating creating a unique dining experience. - Sensational fit out and presentation.- 100 seats inside

Potential
Current owner has other business interests and new owner could devote more time and effort to further expand business.

Features
One of Australias most awarded restaurants - Great seaside location - Very low rent under 5% of sales - Very well established and current turnover very strong - $1 million dollar fitout - High genuine profits - Business to be sold well under market value.

Premises
Two separate sections with kitchen and bar area and restaurant seating area with total area of approx. 250 sq.mts.

Location
Seaside location amongst large hotels servicing 800 rooms and popular residential area close to Gold Coast .

Trading Hours
4 dinners - Thurs. - Sun. + 2 lunches - Fri. - Sat.

Lease
New long lease to be negotiated - 3 months bond - CPI increases.

Employees
1 owner + 1 full time manager + 2 main chefs + 2 other chefs + 3 kitchen + 10 other staff

Comments

Property Information

Location:

Seaside location amongst large hotels servicing 800 rooms and popular residential area close to Gold Coast .

Business Operation

Expansion Potential:

Current owner has other business interests and new owner could devote more time and effort to further expand business.

Trading hours:

4 dinners - Thurs. - Sun. + 2 lunches - Fri. - Sat.

Employees:
1 owner + 1 full time manager + 2 main chefs + 2 other chefs + 3 kitchen + 10 other staff
Years established:
1997

Contact Information

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