Business Summary

December and January Sales averaging between $38K and $45K per week.

Even though sales are growing annually, and the business is consistently profitable, this restaurant is yet to realise its full potential by expanding the short opening hours and making the best use of a large floor plan.

Capacity to grow revenue will come from the underutilised trading hours. For the first time EVER, the business has been open 7 days a week and it's showing a lot of revenue & profit improvement (only been doing this since start of Dec)

The window for further improvement is to open for longer hours since we have very short trading hours (5-9 or so), so anyone wanting to open for lunch & even breakfast will see a big jump.
Also, a lot of potential improvement on alcohol sales currently between 20 & 25% by extending the hours.

* Profitable Restaurant with growing revenue
* Short opening hours
* Large Floor Plan and Long Lease
* Quality Fit out and Equipment

A long lease is in place which includes a large floor plan and ample seating both inside and out. The location is directly across from a well know beach surrounded by a good mix of retail shops, food businesses, offices and High-density residential accommodation. Customers include a regular holiday crowd and strong local following.

The kitchen is Designed to cater for large volume service complimented by a fully stocked bar and liquor license. Equipment, Furniture and Fittings are high quality and in excellent condition. All included in the sale unencumbered. A head chef and management team run the business with the owner contributing an hour or two each week. Staff are well trained, and professional supported by systems and processes that have been implemented to assist the with day-to-day operations.

Asking Price $475k + sav

Property Details