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Lennox Head NSW 2478

  • Shop & Retail
  • 188 m²
  • For Sale, $985,000 (inc. GST)

Unique opportunity for investors and Hospitality Operators

    To enquire, please email or call 1300 815 051 and enter code 4175

    "Quattro" Iconic Italian Restaurant in the Heart of Lennox Head, Northern Rivers coupled with "Olive & Luca" a thriving catering business operating throughout the Byron Bay Hinterland - the wedding capital of NSW

    located only 20 minutes from Byron Bay, Lennox Head has become one of the nations favourite holiday destinations with an explosive real estate market and year round tourism. The restaurant is located in Lennox's blue chip 90-92 complex in the heart of town with expansive ocean views across a grassed reserve, which is being further developed and beautified by council this year. Operating for over 14 years with excellent P & L, Quattro has a proven track record growing year by year, enjoying year round support as a favourite among locals and visitors alike

    Specialising in Nationally recognised award-winning wood-fired pizza, pasta, seafood and steak.

    Secure a long-established thriving business poised for growth in one of the nation's most exciting regions benefiting from a 10 year lease with excellent terms. Currently trading lunch and dinner - Quattro has previously traded for breakfast with the opportunity to open up again and capture this significant market if desired - boosting profits considerably.

    Significant Takeaway trade (50k Jan 2022) principally operated through a custom-designed online ordering system for seamless management with a $100 monthly fee.

    Approx 80-100 seats with antique tables and a flexible floor plan for events and catering for larger groups as well as the intimate dinner, a family favourite and also carrying the vibe for cocktails and sophisticated late-night dining. The restaurant boasts a Northeast facing decked alfresco area with fully closable blinds for year-round use.

    "Olive & Luca" is a highly regarded catering company trading in the northern rivers Region from Yamba to Tweed heads for over 5 years. As a trusted caterer offering catering solutions to both cooperate and private events Olive & Luca is a regular at "Byron Writers festival" and invited operators at the regions premier events including Splendour in the Grass, Ballina Prawn festival and Sample food festival as well as catering for large council Tourism events and countless weddings. Providing an impressive revenue stream with excellent Gross Profit margins. N.B. Current future catering bookings total approx $100K - bookings and enquiries flooding in with an anticipated annual turnover of 250K and the potential to expand considerably

    With Excellent staff retention of both full and part-time industry professionals, after 14 years of trade, affirming Quattro Restaurant and Olive & Luca Catering as an extremely high-value business offering the finest service and excellence across the Northern Rivers.

    While the current owners still enjoy working a couple of days there long term establishment of processes and staff would allow the new owner have their choice to work 'in' the business or to remain separated from the day to day tasks.

    This is a rare and genuine offering as should be considered by buyers looking to secure this winning formula in the booming Lennox head Northern rivers locale

    For buyers concerned about the covid effect on business this past two years and going forward. We have had a very productive two years, while we have of course had to deal with the challenges presented and changing situations throughout the process the continued unwavering support of the community has kept the business flowing very well and at times of lock down allowed expansion and refinement of the takeaway and delivery services and while open the strength in commitment of the local community to attending the restaurant as often as is possible.

    INCLUSIONS

    All equipment owned outright - No higher purchase or finance agreement
    Full Bar including 2 group coffee machines, draft beer system
    Walk-in Coolroom
    Full Kitchen including fridges, large custom-built feature wood-fired oven, 8 burner gas oven and cooktop, fryers etc
    Seating for 90 including all tables, chairs
    Fully integrated "Swiftpos" point of sale system, tablets, monitors; all hardware owned outright
    fully integrated recently updated websites and online real-time booking system

    Fully branded "Olive & Luca" 2010 Nissan D40 4WD ute with full canopy
    Custom made Large Woodfired oven - 1500mm diameter - on dual axle heavy duty trailer
    Fully branded "Olive & Luca" 3m by 3m marquee
    Extensive catering supplies and equipment - including Gas rings, bbq, plates, serving wear, pizza tools, tables etc

    Excellent network of trusted suppliers and access to excellent pricing levels

    - Extensive wet and Dry Stock by negotiation

    To enquire, please email or call 1300 815 051 and enter code 4175

    Property Highlights

    Floor Area188 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2017601107
    Category
    Last updated  13 May 2022
    Map for Lennox Head NSW 2478

    Property Highlights

    Floor Area188 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Property ID2017601107
    Category
    Last updated  13 May 2022
    11-13 Barooga Crescent Mooloolaba QLD 4557
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