Highly Profitable Restaurant in Coastal Paradise

Industry: Professional - Brokerage, Professional - Property/Real Estate, Professional - Brokerage, Professional - Property/Real Estate | Listed by: Business Brokers Network Australia


Key Strengths:


About the business

About the Business
Price $599,000 Inclusive of SAV
Annual Turnover $1.7M+
Adjusted Annual Profits $241,000 +
Weekly Adjusted Profits $4,635 +
Monthly Rental $9,210
Outgoings (Approx $8,423 PA)
Lease Term - Long Term Negotiable
Can Be Run Under Management

Popular Location, Financial Peace of Mind

If location and financial security are important to you, then look no further. Situated in a buzzing coastal suburb on the Central Coast. This business has consistently strong trading figures 12 months of the year. It has established regular and repeat customers over its six years of operation. This location and its neighbouring suburbs are renowned tourist destinations, known for breathtaking views and beautiful beaches.

A professionally run business with an enviable reputation, all set in a modern and friendly dining atmosphere. A diverse menu with Italian & Spanish influences.

This business is fully licenced with a PSA Licence, offering an extensive range of beverages, including craft beer, wine & cocktails.

Current staff include:

* 6 Full-Time (Head Chef, 2 Apprentice Chefs, 3 qualified Chef's and Front of House Manager).
* 12 Casual staff to cover Table-Waiting, Bartending and Kitchen Duties.

The experienced, friendly and professional staff are fully trained.

The business would suit someone looking for a sea change, a competing business looking at expansion or an investor seeking a business that can be run under management.

Please contact Dani Rifai for more information (Licence Number 10064471).
Know someone that could be interested in this?
Asking Price:
$599,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2260

Locality

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Established on

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Advertiser Details
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Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

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  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

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