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Login to find out more...... Cafes & Restaurants , Food, Business Sales below $1m, Cafes & Restaurants Narrabeen, NSW , Australia 81 Views
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Asking Price $190000 for %
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This Listing is open for both accredited & non-accredited Buyers & Investors.

SALE OR INVESTMENT DETAILS
  • Stock at Cost $0.00
  • Gross Sales per annum $0.00
  • Assets Included in Sale $190.00
  • Profit (Normalised EBITDA) $0.00
  • Finance Available (subject to approval) Yes
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Executive Summary

Don't miss out on this casual dining experience located directly across from the beach. Ideal for someone looking for a great foundation to build upon. Pre-approved finance available.


Location Details

This business is perfectly located on the sunny beaches of Northeast Sydney near local amenities and popular tourist hot spots.


Potential

Being a newly founded business the potential is as clear as the beach in front. The fitout is modern and inviting, with room to expand on the menu drawing in more customers from the beach will be a breeze.

At present the cafe/restaurant is only open Thursday to Sunday so there is ample scope to extend trading days/hours to grow sales.


Skills

Experience within the hospitality industry will be a clear advantage but the current owners are happy to assist to ensure a smooth handover.


Hours

Thursday - Saturday: 7:30am - 9:00pm

Sunday: 7:30am - 4:00pm


Lease

The current lease runs until 2020 where a new lease will be able to be negotiated by the current owner.


Employees

1x FT Chef

1x FT Owner

3x Casual Kitchen Hands

3x Casual Wait staff

2x Casual Delivery Drivers


Reason for Sale

The business has only been up and running for 6 months and is starting to hit its stride but for personal reasons and a busy family life, the owner has reluctantly put the business on the market.


The Business

This is an opportunity to purchase a newly established casual dining venue with full liquor and moving forward license. The business sits on the edge of the beach with stunning views and there is a balcony so patrons can really enjoy the scenery, which can also be expanded for larger/busier occasions.

It also has a stunning, brand new fit-out and a relaxed dining experience (breakfast, burgers, share plates).

The business has an excellent reputation with glowing online customer ratings and reviews and the premises are not only in a prime beachfront position, but the rent is a low $2,500 + GST per month.

While the venue can currently seat 45 and there is the opportunity for additional seating on the grass/beachfront and for additional rent.

The business uses Menulog for online ordering (pick-up and delivery), and this could also be further leveraged with an expanded offering.

With brand new fit-out, amazing location, full liquor license, easy menu and ample scope for expansion, this business will not last long on the market.


For more information on this exciting opportunity, please contact the undersigned:


Douglas Aiken

Business Sales Specialist | Business Sales Sydney

Ray White Business Sales, Corporate Business Sales & Acquisitions

M: 0433 196 339 T: 1800 858 696 E: douglas.aiken@raywhite.com


Disclaimer:

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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