This business is an absolute must see. An investors dream.
Full accountant reports showing:
– $227,000 net profit
– $900,000 annual sales
– $250,000 plant and equipment.
The business has an idyllic location only an hour north of Sydney situated on the beautiful Lake Macquarie. A favourite for locals and tourist alike.
Long lease on premises coupled with attached marina until 2017 with option to extend.
Quality modern layout with stunning water views and relaxed ambience.
The delicious menu is designed and prepared by an internationally trained chef.
Practically under management with minimal hands on involvement from owner.
Massive opportunities exist to further tap into the lucrative wedding and reception market.
The premises can seat up to 250 people perfect for functions.
Fully licenced venue with separate entertainment licence.
The business has been established for 10 years with the one owner who is seeking to retire.
Due Diligence: 4 years accountant prepared financial statements, lease, business registration, liquor licence, equipment and inventory list. Further on request.
Call Sean Wolrige today on 02 9899 1999 for a confidential discussion.
Broker: Sean Wolrige
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.