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Stunning Waterfront Restaurant Highly Successful + Extremely Profitable For Sale

Daleys Point, New South Wales, Australia
Asking Price:
$555,000 (AUD)
Sales Revenue:
$1,590,000 (AUD)
Cash Flow:
$338,000 (AUD)

The business has been under the same ownership for the last six years and during that time the turnover has doubled and still currently continues to grow year on year.

The business has an excellent reputation both locally and across the Central Coast, with top ranking on Google and Trip Advisor. A full refit of the interior was undertaken three years ago and the business has a new, modern and fully equipped kitchen, two cool rooms, storeroom and fully functioning bar.

The business currently opens 7 days a week for breakfast and lunch (6.30am to 4pm) and two nights a week for dinner. It offers a wide range of breakfast dishes, as well as a full lunch and dinner menu with daily specials boards and a children’s menu. In addition to catering for locals and tourists, the venue is also perfect for private functions, parties and weddings. It is fully licensed with a PSA in place allowing the sale of alcohol without food.

The business has very strong coffee sales - averaging 40 kg of coffee per week.

Property Information

Real Estate:

Lease

Lease Terms:

Current 5 year lease until April 2023 + 5 year option expires 2028.
Rent $1,500 per week

Location:

Amazing high profile location with absolute waterfront

Premises Details:

Stunning heritage listed building
Current 5 year lease until April 2023 + 5 year option expires 2028.
Rent $1,500 per week

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:

Health reasons are forcing a reluctant decision to sell.

Trading hours:

We are open every day from 06:30 until 16:00. Dinner on Friday and Saturday Dinner on Thursdays during Spring & Summer.

Employees:
FULLY STAFFED ON A ROSTER SYSTEM
Years established:
10 +

Contact Information

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