For Sale $3,950,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $3,950,000

Business Details

Function Centre - Freehold - North Coast N.S.W.

\nFunction Centre - Freehold - North Coast N.S.W. - Agent SBX Code Number: CB1140

Freehold property architect designed as a unique residence and with approval currently in place to operate as a function centre. - Large open plan lounge areas overlook extensive views, and a large restaurant with open fire is available. -100 seats - The lavish indoor heated spa holding 30 people is utilised for the popular present day usage as an exclusive retreat. -Guest accommodation includes 4 ensuite bedrooms for 12 people with queen beds and furnished to highlight the extraordinary ambiance. -

Potential
A council approved 2 x 700 sq.m lot subdivision for a portion of the property is available. -Could re-establish function centre. - Develop further accommodation units.

Features
Tremendous quality of construction. -High level of fittings. - Marvellous ambiance and outlook.

Premises
Magnificent architect designed adobe style residence and function centre with a total area of 10200 sq. mts.

Location
Within walking distance of popular North Coast town and surf beach.

Trading Hours
As required.

Lease
Freehold.

Employees
2 owners

Comments
Restaurant is cooled by ducted air conditioning, and served from commercial grade kitchen. -Grounds watering is available from a spring fed bore, and an American style barn with 3 bays secures the extensive equipment inventory. - Income is based on rent for self contained 2 bed room unit- $23,600 pa and current operation as a day spa and retreat, approx. $30,000 pa. - Previously catered for up to 30 weddings per year. -A distinctive bell tower is used to ring on special occations. - The extensive landscaped grounds incorporate a full sized tennis court with night lighting.

Figures
Weekly Sales $1030
Rent (ex GST) $0
Wages $0
Profit $1030

Agent SBX Code Number: CB1140 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Takeaway Food
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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