Bargain Priced Highly Profitable South Coast Takeaway & Seafood Business

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South Coast NSW

Bargain Priced Highly Profitable South Coast Takeaway & Seafood Business

  • $395,000 plus SAV

Description

This is an amazing opportunity to purchase a well-established and highly profitable retail seafood business for an absolutely Bargain Price! This business sells both fresh and cooked seafood and is one of the best-performing businesses of its type in southern NSW.

Current Gross Turnover approx. $2M per annum, generating a significant profit. The business operates with opening times flexible and variable depending on the time of year. There is a strong team highly experienced casual staff who are willing to stay on.

Situated in a prime waterfront position in the heart of the scenic Sapphire Coast of NSW, this seafood and takeaway business is the only dedicated retail seafood outlet in the area. Offering both fresh and cooked seafood this is one of the best-performing businesses of its type in southern NSW.

Concentrating primarily on locally sourced fresh produce, the business stocks a large variety of fresh seafood including local fish, prawns, oysters, and a variety of frozen products, as well as an extensive menu of cooked seafood for takeaway meals. Ideally located right at the local Fishermen’s Wharf, the premier hub of hospitality in the area, and a high foot-traffic precinct very popular with visitors & locals alike.

Highly regarded for freshness, quality, and service, this vibrant retail seafood and takeaway is recognised as the “Go-To” food outlet in the area. The business has enjoyed consistent growth for many years and, with the rapidly increasing numbers of people visiting and settling on the coast, combined with the unique setting, there is a huge opportunity to increase sales even further in the future.

There is a great lease in place and the owner is willing to offer generous terms for training and handover.

A 2020 LWB commercial van with shelving (for storage & transport of non-perishable stock) is also available to purchase at an additional cost.

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Staff No

  • The business is currently operated by the owner and a team of casual staff.

Lease Info

  • The current lease is in place until 2027, A 3-month guarantee is required

Trading Times

  • Sunday-Thursday 9 am-5 pm, Friday & Saturday 9 am-7 pm (these can vary depending on seasonality demand)

Size of Premises

  • 112m Sq. Exceptional, High-Quality fi tout, cool & freezer room, plenty of storage with an extensive range of quality-maintained inventory included.

Opportunity

  • The opportunity here is to seize this fantastic bargain-priced and highly profitable established business that has everything set up and trading strongly. This is an awesome opportunity that will provide a strong and quick return on investment and it has been priced to sell. This business would suit an owner who is more present and who is committed to drive revenue and profits. You could expand on the opening hours and also on the menu offerings.

Weekly Sales & Turnover

Cost of Goods​

  • $20,458

Wages

  • $11,419

Other​

  • $720

Net Profit​

  • $4,747

Turnover (inc GST)

  • $39,788

Gross Profit​

  • $19,334

Rent

  • $875
  • Reference No: TBBSB0546

Business Listed by

tim-beard-800x800

Tim Beard

Hospitality Consultant and Licensed Business Broker (NSW) @ GSE Hospitality Brokers

For my whole working career I have been involved in the retail and hospitality industry, liaising closely with all aspects from junior staff, front of house, manufacturer’s, right through to the CEO of many leading companies. My role has allowed me to work for, with, and alongside all facets of day to day business life. With the objective to achieve and reach desired outcomes and increased productivity for those I have become connected to, and had the pleasure to work with.

For over ten years I have been involved in the hospitality industry specialising with a catering equipment supplier, providing knowledge and leading infrastructure across Australia. I have developed extensive knowledge and training over this period of time dealing with a diverse range of business owners and operators. I have traveled from New Zealand, Dubai, Singapore and Venice inspecting and learning the intricate processes of leading brands of appliances to best suit cafes and restaurants for maximum productivity.

I have owned and operated my own franchise retail business for 13 years prior to hospitality. Allowing myself to draw on my own experiences of customer satisfaction and connection, excellent communication skills, financial productivity, organisation and knowledge of successfully running a small business. I have experienced closely the undertaking of buying and selling a business and have benefited greatly from the process in expanding my knowledge.

I believe that building positive relationships is paramount to achieving clients objectives and goals. I have experienced first hand the daily struggles and operations that cafe and restaurant owners face, and I am passionate and committed to bringing my many skills, extensive knowledge and worldly experience to GSE.

I have always had the work ethic to be at the top of my game, and to provide excellent advice, tuition and persistent hard work until I have achieved what I have set out to do. I believe that knowledge and experience in the field is “key”, and that it is of the utmost importance to have effective processes and strategies in place for a business to run at its most productive, now and for the future.

Personally I believe that it is never too early to have an Exit Strategy in place when owning and operating a business. Not only does this provide lateral thinking for the years to come, but gives you options and flexibility to grow and achieve bigger and brighter goals and achievements.
Call Tim on 0477 167 758

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