Cafe Beachfront For Sale

Business description

BEACHFRONT LOCATION
This popular licensed restaurant offers modern Australian cuisine with indoor and a large outdoor area fully protected from the elements. Total capacity for over 130 guests (seated) and 180 (standing).
First time offered with same owners for 4 years. Excellent staff team in place.
Delicious, healthy, and contemporary food. A well structured and organised business, and a great time to buy this business is now to prepare for next summer and for the December Christmas party trade.
Long term lease available (remaining 3 years + 5 year option + 5 year option) providing security for a new buyer.

Property information

Lease terms:

Term: commenced 10/4/2006, expiring 10/04/2011,
Option: Two Five (5) year options after the expiry date,
Current rent: $174,684 pa plus GST plus outgoings,
The base rent is reviewed annually on the anniversary date and increases by the Sydney CPI index,
Outgoings: 100%,
Permitted use: Delicatessen/café,
Open: Breakfast and lunch 7 days and dinner Wednesdays to Saturdays. With roast dinners served on Sunday evenings from May through to October, and,
Bank Guarantee of three months and personal surety of the Director is required.

Location:

The restaurant is situated on the southern end of the beach area and with its slight elevation has “the best” aspect of any of its competitors. With its aspect is has beach and water views with a view down the main road at the hustle and bustle that comes with being located on the beachfront.
Parking is available in local streets and there is also a large Council car park located at the northern end of the beach behind a surf club.
The premises are relatively new with building completed prior to its opening in April 2001. The total inside area of the restaurant is 193m2 plus 2 car spaces 30m2 (being used as a storage garage downstairs). The décor and soft furnishings, including carpet, provide excellent noise reduction. This has enabled in the past several function groups to occupy the premises at the same time. All service areas are spacious and function efficiently.
It boasts the largest outdoor seating area on this beach area. The area is licensed from the local Council and is covered by a permanent umbrella structure. Current seating configuration allows for 80 guests to be seated outside.
Being covered, together with roll down sides, the outdoor area caters for most weather conditions. Together with effective heaters the area remains useable throughout the cooler months.
A grease trap is connected and is shared with the neighbouring restaurant. The kitchen is fitted with an exhaust system which exits on the roof of the building. There is a garage in the downstairs car park of the building which provides ample storage for dry goods, drinks and other equipment.

Other information

Expansion potential:

Breakfasts, catering.

Competition / Market:

The entire beach front consists of eateries such as cafes, take aways and this strip is very well known for food ansd is thus well frequented by locals and tourists.

Support & training:

Vendors will provide the required training to new owners

Reasons for selling:

After 4 years of moulding and transforming Sea la vie in to a restaurant of which to be proud, the owners desire a new, fresh and exciting challenge. A few exciting opportunities have presented themselves which the owner is keen to explore. These opportunities are within a different industry.

Trading hours:

10 am to 10 pm

Financing available:

No

Furniture / Fixtures value:

$100,000

Inventory / Stock value:

$18,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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