The owner of this amazing South Coast restaurant has just set a new price. They are ready to pass on this successful business to a new owner and are genuine about selling now. This wonderful restaurant allows the new owner to walk in take over and start trading straight away.
This is a fantastic lifestyle and business opportunity. The restaurant is open for Lunch Wednesday – Sunday 12 – 2 pm and Dinner Thursday – Saturday nights from 6 pm.
• Awesome, picturesque waterfront location, with stunning panoramic views.
• $23k average weekly turnover
• Rent is great value at only 5% of turnover.
• Long-term security with 3x3x3 year options on top of the current lease.
• Currently only operating 4-1/2 days per week.
• Extensive list of well-maintained quality inclusions.
• Loads of opportunity to expand and grow.
• Completely established, takeover and start trading straight away.
This prominent restaurant has a superb reputation, and the owner is willing to pass on years of goodwill to the new owner. 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.
Staff No
The business is currently operated by the owner, 2 full-time staff, and a team of casual staff.
Lease Info
A new 3-year lease commenced January 2024 with 3x3x3 year options available, plus an option to purchase the freehold
Trading Times
Very Appealing Lifestyle Oriented Hours! The restaurant is open for Lunch Wednesday – Sunday 12 – 2 pm and Dinner Thursday – Saturday nights from 6 pm.
Size of Premises
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.
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
