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Food, Beverage & Hospitality business for sale in Cowes

  • Food, Beverage & Hospitality
  • Cowes VIC 3922
  • $129,000 neg

SOLD - Restaurant Bar Cafe Business For Sale Phillip Island

This Restaurant Bar Cafe Business For Sale is well located just 100 metres from the foreshore. It is hugely popular with the many thousands of visitors to Phillip Island.

A long established business of 29 years, with current owner for 9 years. It has built a good reputation.

This restaurant has an elegant casual dining room. It has a very large seating capacity - 40 downstairs, 45 upstairs, 15 on the front deck and 30 in the Beer Garden. Very popular for private functions and small receptions. Fully licensed to 1am.

Open for lunch and dinner for 7 days per week in the summer and 5 days in the winter months. There is huge potential to grow the business by opening for breakfast.

The owner works part time in the restaurant with help from 1 Full time employee and 6 casuals in winter months and up to 15 casuals in the summer time.

Solid takings of $16,000 per week and rent of $4,606 per month with a secure lease of 5x5x5.

An inspection will impress.

The vendor is keen to sell and is negotiable on price.

For more information and to arrange an inspection contact Chris Panagiotidis or Elle Likopoulos on 03 9566 7300.

Business Highlights

Business ID2013619310
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  17 Jan 2018
Map for Cowes VIC 3922Cowes VIC 3922
Absolute Business Brokers
Unit 7 / 18-22 Lexia Place Mulgrave VIC 3170

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