This well-established restaurant with amazing panoramic waterfront views is on the market for the first time in 17 years.
This prominent restaurant has a superb reputation, and the owner is willing to pass on years of goodwill to the right operator. The venue has always been a long-standing favorite with locals, as well as visitors to the area.
There is an excellent opportunity for a chef with a partner team looking to get into their first business, that is already established while making a name for themselves or for an experienced restaurant owner looking to expand.
The restaurant has very appealing operating hours and is currently open for lunch Wednesday – Sunday and for dinner Thursday - Saturday nights. The business consistently provides a turnover of $22k plus per week, and this all comes from a business with consistent turnover and an envious lifestyle.
The premises is a purpose-built restaurant with a full commercial kitchen, with modern well-maintained equipment, a cool room, an abundance of dry, cool, and freezer storage, as well as a wine store, a separate office, and a herb garden. The restaurant is complimented by a 60-seat dining room with heating and cooling, plenty of clear views of the water, and a large outdoor area for more relaxed occasions.
There is plenty of potential with multiple opportunities for a new owner to increase revenue. E.g. Expand on the opening days and hours, explore catering opportunities, explore function opportunities, explore themed or event dinners.
A restaurant of this caliber, in this type of location, is hard to come by and are tightly held. This is a must to inspect, and once you seen this place you will not be disappointed.
Lease Details
A new 3-year lease commenced in January 2024. The landlord is willing to provide extensions and long-term lease security.
Premises Details
Full commercial kitchen, cool room, wine storage, office, herb garden, loads of storage. Immaculate 60-seat dining room with heating and cooling. Expansive casual outdoor seating area.
Staff Details
The business is currently operated by the owner, 2 full-time staff, and a team of casual staff.
Opening Hours
Very Appealing Lifestyle-Oriented Hours! The restaurant is open for Lunch Wednesday – Sunday 12 – 2 pm and Dinner Thursday – Saturday nights from 6 pm.
Opportunity
Extend the trading hours and days. Establish a catering side of the business. Promote and source functions, and regular themed dinner events are all wonderful opportunities that are available for the new owner.
**Weekly**
Turnover (inc GST) $22,972
Rent $1,339
Wages $8,298
Net Profit $1,895
