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      Restaurant business for sale in Wollongong

      • Restaurant
      • Wollongong NSW 2500
      • $1,465,000

      Licenced Restaurant Business & Freehold

      This Licensed Restaurant business & Property is located in the sought after northern Illawarra suburb. Located on a main road, it enjoys excellent visibility with exposure to a high number of vehicles. It is rare for such a strong restaurant business to become available with freehold property.

      Is this business for me? 3 questions to ask yourself….

      Do I want to get into a growing business?

      This established business is well known for its impeccable service and fantastic wait staff. This is reflected in the many 5-star customer reviews left across multiple websites. The business has a strong social media presence as a result of its great reputation throughout the region. While it is well established it is also experiencing considerable growth as word of mouth continues to spread.

      Do I love fine dining?

      This award-winning restaurant is all about culinary delights and providing customers with the ultimate fine dining experience. Some of the meals you can expect to find on the menu include Pan seared scallops, Saganaki prawns and Paella. The menu also includes a wide range of desserts from Vanilla Bean Crème brûlée to cheese and fruit platters. Customers have described the food as “out of this world”, “amazing” and “absolutely delicious”. If you are looking for an opportunity to showcase your culinary skillset, this may be the right business for you.

      Am I looking for a freehold investment?

      There is an opportunity to purchase this strong business as well as the property freehold. The business is located in a prime position with excellent visibility. It is perfect if you are looking to secure your future and take control of your destiny.

      Strong Profits & Growing Sales Revenue

      A consistent approach to the high-quality food & service offering, as well as a continued marketing effort, is positioning the business for continued growth. There is more opportunity for growth with additional service sessions as well as increase in local area marketing.

      Commercial Property & Development Potential

      Benefit from the advantages in investing in commercial property. According to the NSW Valuer General’s Report on NSW Land Values at 1 July 2016 (published 13 January 2017), commercial land values in the Illawarra region increased by 8.2% over the 12-month period to 1st July 2016. Whilst the building is in very good order and perfect for its current use as a restaurant, the property has development potential (subject to council approval).

      - Land Area: 735.35 m2 Approximate
      - Building Area: 245 m2 Approximate
      - Zoning: B6 - Enterprise Corridor

      Great Assets

      The restaurant comes fully equipped. It is immaculately presented, with the high quality fit out offering the restaurant guests an enjoyable experience in a very tasteful atmosphere. The restaurant has recently undergone a major renovation, including works to upgrade the cocktail bar, fit out and commercial cooking equipment. All assets (fit out, plant & equipment, signage and building) are in excellent condition.

      The Natural Beauty of the Surrounding Area

      The Illawarra area provides a great opportunity for a purchaser to live and build a business. The Illawarra provides a great place to live, bring up a family and enjoy the natural beauty of the environment. The business and property investment landscape in the region is strong.

      Next steps

      For more information on the business including financials, staffing and other vital information please contact our office today. The vendor has requested not to be contacted directly. All enquires and correspondence about financial information and purchase price negotiations will be handled solely by the agent listed below.

      ** Note Generic images have been used for this business**

      Business Highlights

      Business ID


      Last updated

      31 Oct 2017


      Restaurant, Food, Beverage & Hospitality

      Map for Wollongong NSW 2500

      8/74 Kembla St Wollongong NSW 2500