This well-established and enviable South Coast restaurant with amazing panoramic waterfront views has been owned and operated for 17 years by the same owner.
$23k average weekly turnover
Rent is great value at only 5% or turnover.
Long term security with 3x3x3 year options and option to purchase the freehold available.
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.
This prominent restaurant has a superb reputation, and the owner is willing to pass on years of goodwill to the right operator. The venue has always been a long-standing favourite with locals, as well as visitors to the area.
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.
The restaurant has very appealing operating hours and is currently open for lunch Wednesday Sunday and for dinner Thursday - Saturday nights. The business consistently provides turnover of $22k plus per week, and this all comes from a business with consistent turnover and an envious lifestyle.
The premises is a purpose-built restaurant with full commercial kitchen, with modern well-maintained equipment, cool room, an abundance of dry, cool and freezer storage, as well as a wine store, separate office and herb garden. The restaurant is complimented a 60-seat dining room with heating and cooling, plenty of clear views to the water, and large outdoor area for more relaxed occasions.
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 restaurant of this calibre, in this type of location are hard to come by and are tightly held. This is a must to inspect, and once you seen this place you will not be disappointed.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
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 January 2024 with 3x3x3 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
Extend the trading hours and days. Establish a catering side of the business. Promote and source functions, and regular themed dinner events are all wonderful opportunities that are available for the new owner.
**Weekly**
Turnover (inc GST) $22,972
Rent $1,339
Wages $8,298
Net Profit $1,895
