For Sale $725,000
SBX Business Brokers

View phone number

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

Food/Hospitality for sale

NSW

For Sale $725,000

Business Details

Restaurant - Australian Cuisine -Functions - Newcastle Area

\nRestaurant - Australian Cuisine -Functions - Newcastle Area - Agent SBX Code Number: KN1003

Restaurant catering for breakfast, lunch and dinner, and serving seafood and traditional Australian cuisine. - The restaurant offers an extensive international beer list and local beer on tap and comprehensive wine list. - The menu boasts locally produced seafood that is delivered to the restaurant daily. - Large kitchen, coolroom and storage area - 142 seats outside - 50 seats inside. - Outdoor spit barbecue is available for hire which can accommodate functions.

Potential
Opportunity to expand dining area and increase traffic through marketing campaigns in the area. - The business currently does not have a website so to develop this will increase the profile and attract customers visiting the district.

Features
Popular tourist location - Well established. - The restaurant caters for indoor and outdoor dining in an exclusive setting.

Premises
Large outdoor beer garden / dining area plus enclosed indoor dining area and a total area of 426 sq. mts.

Location
Water front marina location in popular area near Newcastle.

Trading Hours
7 days - Summer - 8 a.m. - 11 p.m. - Winter - 8 a.m. - 7 p.m

Lease
5 + 5 + 5 year lease commenced in March, 2015

Employees
2 owners + 4 full timers + 6 casuals

Comments
Turnover was over $1,000,000 p.a. for the last 5 years. -Full financial information is available to all serious potential buyers in discussion with the owner.

Figures
Weekly Sales $0
Rent (ex GST) $2300
Wages $0
Profit $0

Agent SBX Code Number: KN1003 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • 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
 1 of 1 photos 

Enquire

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

Enquire about this business:

I would like to:

Tools