Iconic Seafood Restaurant Great Opportunity, 1% Rent
Business For Sale Port Macquarie, New South Wales 2444
Business Category Cafe and Coffee Shop Restaurant Takeaway Food
$1,150,000 + SAV
Description
Iconic Seafood Restaurant Great Opportunity, 1% Rent
Don't miss this unique opportunity to own a renowned waterfront restaurant that ticks all of the boxes, boasts stunning water views, and a memorable dining experience.
This establishment requires no initial investment, boasting modern decor, and fully equipped facilities.
Highlights of the business are:
Rent of just 1% of turnover
$3 million plus turnover
Net profit of 22%
7 years remaining on the current lease with the potential for further extension
Opportunities like this are rare to find and even better, it is situated on the beautiful mid-north coast of New South Wales.
The business is well-established, operating 7 days a week for lunch and dinner, and is a favourite with locals and tourists. Besides the exceptional dining experience and service, the venue is also a premier event destination, perfectly suited for weddings, private gatherings, and corporate events. This generates additional revenue streams and enhances its appeal and profitability.
The venue has a state-of-the-art kitchen, ample storage, a bar area, and on-site parking. The venue caters for 60-70 guests, offering indoor and outdoor seating.
Don't miss your opportunity to own this sought-after waterfront restaurant with loads of future potential.
Whether you're an investor or a passionate restaurateur, this is your chance to secure a profitable venture offering both financial and lifestyle benefits.
Contact Marten today to discuss this exciting business ownership and lifestyle opportunity.
Lease Details
The current lease runs through to 2031. Opportunity to renew upon discussions.
CPI. increases. A $12,000 bond is required.
Premises Details
Waterfront location, Modern Decor, Full commercial kitchen, bar, store room. Outdoor seating areas.
Staff Details
The business currently employs 25 staff members. This includes 11 permanent, 2 part-time, and 12 casuals.
Opening Hours
Operates for 7 days per week and is open for lunch and dinner.
Opportunity exists for special occasions and private events.
Opportunity
Great opportunity for an owner-operator or investor. Well-established restaurant with a great clientele base. Good profits, unique location. Rent less than 2%.
** Weekly**
Coffee Sales 15-20 kg
Sales $60,139
Rent $549
Wages $19,093
Net Profit $12,043
This establishment requires no initial investment, boasting modern decor, and fully equipped facilities.
Highlights of the business are:
Rent of just 1% of turnover
$3 million plus turnover
Net profit of 22%
7 years remaining on the current lease with the potential for further extension
Opportunities like this are rare to find and even better, it is situated on the beautiful mid-north coast of New South Wales.
The business is well-established, operating 7 days a week for lunch and dinner, and is a favourite with locals and tourists. Besides the exceptional dining experience and service, the venue is also a premier event destination, perfectly suited for weddings, private gatherings, and corporate events. This generates additional revenue streams and enhances its appeal and profitability.
The venue has a state-of-the-art kitchen, ample storage, a bar area, and on-site parking. The venue caters for 60-70 guests, offering indoor and outdoor seating.
Don't miss your opportunity to own this sought-after waterfront restaurant with loads of future potential.
Whether you're an investor or a passionate restaurateur, this is your chance to secure a profitable venture offering both financial and lifestyle benefits.
Contact Marten today to discuss this exciting business ownership and lifestyle opportunity.
Lease Details
The current lease runs through to 2031. Opportunity to renew upon discussions.
CPI. increases. A $12,000 bond is required.
Premises Details
Waterfront location, Modern Decor, Full commercial kitchen, bar, store room. Outdoor seating areas.
Staff Details
The business currently employs 25 staff members. This includes 11 permanent, 2 part-time, and 12 casuals.
Opening Hours
Operates for 7 days per week and is open for lunch and dinner.
Opportunity exists for special occasions and private events.
Opportunity
Great opportunity for an owner-operator or investor. Well-established restaurant with a great clientele base. Good profits, unique location. Rent less than 2%.
** Weekly**
Coffee Sales 15-20 kg
Sales $60,139
Rent $549
Wages $19,093
Net Profit $12,043
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.
