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Restaurant business for sale in Coolangatta

  • Restaurant
  • Coolangatta QLD 4225
  • $1,098,000 (GST na)

TQM1089 - Business For Sale - Restaurant Cafe - Nett $10000 pw - Bakery - Bar - Northern NSW coast - Sales $50000 pw

Cafe - Bakery - Bar - North Coast NSW
SBX Business Code: TQM1089
Cafe - Bakery - Bar - major food and entertainment outlet in this busy town, with bar & grill serving a quality menu and fine selection of beers and wines plus happy hour and entertainment. - Bakery offers freshly baked onsite delights and great coffee served by warm friendly staff. - 45 seats inside - 30 seats outside.Vendor is prepared to give a smooth transition to a new incoming owner.Full bakehouse but recently all bread is being purchased wholesale which reduces wage and electricity costs .All takeaway food is pre prepared so easy to serve over the counter with quick turn around of customers.Stock $50000 extra to selling price .

Potential
Increase online marketing to attract a larger trade through the region,

Features
Great location and lifestyle - Very strong growth area - Excellent reputation as one of the best bakery restaurants on the North Coast. - Thriving business - Low weekly rent - Long lease - Financial figures available.Rent is less than 5 % of weekly sales which by weekly standards is excellent .Large pool of young casuals to draw from at peak times.

Premises
Bar & restaurant corner site with bakery attached next door and a total area of 300 square meters.

Location
Excellent prime corner location in hub centre of busy coastal town in Northern Nsw .Directly opposite major supermarket .and number one location in the town.

Trading Hours
7 days - Mon. - Fri. - 5 a.m.- 5 p.m,. - Sat. - Sun. - 5 a.m.- 4 p.m and Dinner - 5 p.m. - 9 p.m.

Lease
Current lease ending ending 30th June 2024 with two further five year options. - c.p.i - 2.2% increases - no bond.

Employees
Owner + 7 full timers ( One baker and one pastry chef )+ 19 casuals.(Husband works 20 - 30 hours pw ) and wife works 9am to 2pm Monday - Friday..

Comments
Vendor is prepared to assist new owners with a smooth transition - This listing is a rare opportunity and is perfectly situated close to beaches, schools and major shopping centres - Outdoor seating costs $300 a quarter but currently not being charged by council due to covid 19.
Figures
Weekly Sales $50000
Rent (ex GST) $2273
Wages $15000
Profit $10000

SBX Business Code: TQM1089

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Business ID2016636641
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Last updated  22 Dec 2020
Map for Coolangatta QLD 4225
Map for Coolangatta QLD 4225Coolangatta QLD 4225
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Business ID2016636641
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  22 Dec 2020
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P.o. Box 19, Crows Nest NSW 2065
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