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This 100 seat plus restaurant and bar could be used as a cafe and boutique bar, operating over extended hours. The premises have outdoor seating. No expense has been spared in the fit out of this restaurant and bar, with all work done to the modern standards and specifications required for food and bar areas.
The rental terms are attractive with a 5 x 5 x 5 lease term at $50,000 per annum.
The business is systemised with all revenue, expenses and employees on record.
• Unbeatable position with huge street exposure.
• Trading 6 days in summer and 5 days in winter season
• Strong patronage with both locals and visiting tourists
• Over 45% of revenue from beverages
• Very attractive rent of $961.00 per week
• Long lease with 2 x 5-year option ending 2031
• Full-time manager with a team of well trained staff
• Excellent location within 100 metres to the beach
• Good systems in place provides ease of operation
• Huge potential for growth, Brand New - opened in April 2017
• Premises can cater for parties, functions
• They have craft beer on tap.
All the hard work has already been done establishing this business, securing a customer base, building strong relations with suppliers, retaining experienced staff and maintaining consistent operations. The opportunities to improve the business are endless. Make it your own, update the menu, extend trading hours, increase catering, the sky is the limit.
An opportunity for an entrepreneurial food operator to acquire a state of the art fitted out restaurant / bar in one of the most popular sea side location on the Sunny Coast. There is immense scope to expand the food and operating range of the business.
The owners are fully committed to providing a thorough handover process to ensure the wellbeing of staff / customers and the new owners are looked after.
Business asking price: $ 285,000 + stock
Stock maximum value: $ 15,000 approx
The sale price of $285,000 includes all plant, equipment and goodwill
5 x 5 x 5 years lease in place
$50,000 (AUD) per annum
Prime corner street location
5 x 5 x 5 Lease in place
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