Absolute Waterfront – CafÉ/restaurant – $500k+ Net Profit

Business For Sale Newcastle, New South Wales 2300

Business Category Cafe and Coffee Shop Restaurant

$895,000 + SAV

Description

Absolute Waterfront – CafÉ/restaurant – $500k+ Net Profit

First time offered with financials that speak for themselves - an impressive $3 million plus turnover, $500k plus net profit & super low rent! This is a rare opportunity!!

With rent being less than 4% of revenue and currently turning over more than $60,000 per week, with many more opportunities to generate even more sales, discover for yourself this highly profitable and popular business situated in the heart of Port Stephens.

The business is a well-established landmark waterfront Café – Restaurant – Bar with 180 degree water views growing substantially year on year as it's renowned for providing its customers with great food & service.

Selling over 60kg coffee per week, the fully licensed business is not only famous for its fantastic breakfast and lunch but also for its specialised dinners and bespoke functions, which is why it has such a loyal following and caters to many.

The easily accessible, prime location has plenty of parking. There is an upside to every aspect of this establishment with indoor and outdoor seating for 120 complimenting the views, the cocktails, and the coffee!

All the fixtures and fittings, plant and equipment are in good condition. A fully equipped commercial kitchen, including custom built cool rooms, storage, display counters etc naturally make up the extensive inventory list. With a large bar and separate sections for dining, the potential for growth is limitless.

This incredible business is the perfect venue for everything from events to intimate dinners for 2, so don't miss out on owning a thriving café - restaurant in one of Australia's most sought-after waterfront destinations!!

CALL Anthony now for a comprehensive information package.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Contact Seller
Anthony Manks
  • Anthony Manks

Bsale ID: 643691

GSE Hospitality Brokers
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