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Refer to Broker
This Restaurant/Bar perched on the edge of the Central Coasts most stunning beach is an impressive affair in a warm setting with impeccable food and service to match the view. Situated in a striking modern beach house with unobstructed 180 degree views of the pacific ocean, this business is one not to be missed!
This well known establishment serves an array of delicious meals, professional and friendly service in relaxing surrounds. The crisp, modern dining space designed to take in stunning views is perfect for a lazy afternoon drink or a function catering to 200 people.
Key Feature of this Business:
• Net profit under management $495K – as per the accountant prepared financials
• FY2016 sales turnover $1,497,591
• New 6 yr lease with rent being 3% of turnover
• Stunning waterfront location with adjacent carpark
• 465 sqm in size with a large commercial kitchen and full service bar
• Fully renovated in Sept 2014
• 200 seats including large outdoor seating area
• $54K pa rent
• Very low electricity expense as business is fully powered by solar roof panels
• Open 4 days during winter (Thurs -Sun) $15k – $20K pw
• Open 7 days during spring/summer $25K – $60K pw
*Actual photos of the venue shown
Call today for your full information pack. This opportunity won't last long.
Ref: #14639
Broker: Gareth Wolrige – 0448 715 762
To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/14639
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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