Absolute Waterfront!

Business For Sale Central Coast NSW Region, New South Wales

Business Category Function Centre Hotel Restaurant

$295,000

Description

Absolute Waterfront!

Just Reduced for Express Sale! Motivated Vendor!

Award winning absolute waterfront licensed Restaurant/Function Centre specialising in A La Carte and brilliant wedding and corporate events.

Panoramic water views, established 25 years current owner 16 years.

Catering to locals, weekenders, tourists and regulars mainly of an extremely high income demographic.

Consistent turnover in the region $850,000 p.a. with adjusted nett to owners approx. $270,000 per annum.

October to April: Thursday to Sunday, lunch and dinner. May to September: Thursday to Sunday lunch. Thursday to Saturday dinner. i.e. 4 lunch and 3 dinners.

July/August: closed for 5 weeks.

Seats 70 or 90 canape style.

Average wedding spend $7,000 to $10,000 with approx. 20 plus weddings per annum.

Kitchen has undergone complete renovation, well maintained equipment and coolroom.

Top staff in place.

Great website and social media.

Huge opportunity to increase trading hours and days and increase wedding and corporate marketing.

Highly profitable lifestyle business.

Price: $295,000 + SAV SAV: Approx $10,000

Region: Absolute Waterfront Exclusive Upmarket Location

Turnover: Approx $850,000 per annum

Adjusted Net: Approx $270k per annum

Permanent Staff: Vendors, 1 Sous Chef, 1 Chef, I Front House

Casual Staff: 4 casuals as required plus 1 kitchen hand

Years Established: 25 years, current owner 16 years

Lease Terms: 4 year plus 5 year option

Lettable Area: 200m2 plus 120m2 storage

Rent per Calendar Month: $8,000 p.c.m. plus GST plus Outgoings

If you want more information you MUST fill out a confidentiality form. Find the business on our website at XXXXXXXXXX and download CONFIDENTIALITY AGREEMENT
Contact Seller

Bsale ID: 530852

Central Coast Business Brokers
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