South Coast Waterfront Restaurant. Easy Operating Hours – Vendor Finance Available. Great Lifestyle.

  • $175,000 plus SAV

Description

• Awesome, picturesque waterfront location, with stunning panoramic views.
• Long-term security being offered by a supportive and commercially minded landlord.
• 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.

Businesses such as this are very tightly held onto in this area, and opportunities like this do not come along often, this is a great opportunity for an experienced operator to acquire a great venue in a highly-after location.

This great venue and location could also ideally suit someone looking to be their own boss and who wants to put their own stamp on their own business and take control of their lifestyle and business.

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.

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.

You can own your own business and be your own boss for very minimal initial outlay and the owner is willing to assist with a seamless transition.

The owner has shared that they will consider a vendor finance arrangement with the right buyers and also their willingness to assist a new owner in multiple ways to allow for a seamless and easy transition.

The venue is set out perfectly, with scenic waterfrontage and an awesome outlook. It comes with a full commercial kitchen, with modern well-maintained equipment, a cool room, an abundance of dry, cool, and freezer storage, as well as a wine store, a separate office, and a herb garden. The restaurant is complimented by a 60-seat dining room with heating and cooling, plenty of clear views of the water, and a large outdoor area for more relaxed occasions.

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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 in January 2024 with 3x3 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

  • There is plenty of potential with multiple opportunities for a new owner to increase revenue. E.g. Expand on the opening days and hours, explore catering opportunities, explore function opportunities, explore themed or event dinners. A new owner could also look to put their own spin on things with the menu, and promotions and really take this place to the next level and achieve your professional and financial goals.

Weekly Sales & Turnover

Cost of Goods​

  • $6,818

Wages

  • $8,298

Other​

  • $1,613

Net Profit​

  • $1,895

Turnover (inc GST)

  • $20,000

Gross Profit​

  • $14,065

Rent

  • $1,339
  • Reference No: TBTRM0237

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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