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Leasehold and Freehold on offer with negotiable terms + Free Rent start-up period.
The current owner bought this impressive waterfront freehold and business in 2005. Having operated it for 3 years, he leased it out for 12-plus years with a rental return of close to a million in that time!
Fully licensed with a great mix of customers it has been running successfully as a Woodfired Pizza and Seafood Grill, sourcing local produce where possible.
The leasehold and freehold are now on offer with negotiable terms plus Free Rent start-up period on offer for the right leasee (shared outgoings).
-Built 2000 and recently refurbished Waterfront Property
-Premises 278m2 Lot on Merimbula Lake with modern European galley kitchen + woodfired oven + outdoor seating & garden area
-ROI $10-15K in the busy time-$8K+ in quieter months – only operating 5 nights with no lunches
-Can be run as a Licensed Restaurant or with small bar license with entertainment / food
-Member of the local Merimbula Tourism Inc
-Strong local following plus tourists
-Owner / Chef works 60+ hours pw with 6 casuals
-Currently opens 5pm till close – 5 nights pw
-Could easily extend to 7 nights + lunches + breakfast on the weekend
-Negotiable list of assets & equipment – detailed list upon enquiry
-2 weeks training provided to ensure a smooth handover
Given its position, longevity, and future potential, this represents an unbeatable opportunity for a chef and partner seeking a good business in a lifestyle location.
Opening for lunch and breakfast would boost profits for a buyer keen to grow the business further.
Given the option to choose Freehold or Leasehold – plus the offer of a rent-free period, it’s recommended serious buyers enquire quickly.
Purchase Price for the Business and Freehold $950,000 or Leasehold $85,000
Price: $950,000 Business & Freehold
Business ID: BS------
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