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Restaurant

Business for Sale
Restaurant
NSW

Restaurant - - Agent SBX Code Number: TTQT1002 Modern Greek & Mediterranean restaurant, semi formal, stylish relaxed ambience.Fully licensed, extensive wine list, separate cocktail bar and licen...

Price $650,000.00

Restaurant

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Restaurant - - Agent SBX Code Number: TTQT1002



Modern Greek & Mediterranean restaurant, semi formal, stylish relaxed ambience.Fully licensed, extensive wine list, separate cocktail bar and licensed out door dining area.Full commercial kitchen, 2 cold rooms, rear dry-store and storage area.Located on main beachside parade, opposite beach and adjacent parklands, extensive parking, ocean views never to be built out.



Potential

Owner operator or partnership could absorb 1 - 2 salariesIncrease trading days, currently only 4 nights 2 lunchesRevenue trajectory still going up, capitalise on first full summer.Un-tapped weddings, corporate events & functions market



Features

Incredibly low rent 3% of current T/OROI 18 monthsBeach side ocean viewsAmazing street appealExceptional good will and local recognitionRegion undergoing tourism and hospitality boom



Premises

Freestanding cottage approx 350m2Single story outside dining area licensed



Location

Beach FrontPrime retail positionOcean Views



Trading Hours

Dinner Thursday to Sunday 5.30 - 9.30pmLunch Sat & Sun 12pm - 2.30pm



Lease

4 Years from November 2017



Employees

1 F/T Manager salary1 F/T Head Chef Salary2 f/T & 4 casuals



Comments

This is an amazing opportunity to take on top-shelf , smoothly operating restaurant showing real profit with potential for further growth. Established by an expert group who will offer any purchaser ongoing support to ensure another of their ventures continues to thrive.Rated No.1 restaurant on tripadvisor, 5000+ followers on IGFeatured in travel magazines and widely recognised as one of best restaurants in Tweed/Byron region. Existing team of thoroughly trained staff, robust and strong systems and accurate financial reporting would make this a stress free business to own and run or just let it generate ROI under management.



Agent SBX Code Number: TTQT1002 - Sydney Business Exchange

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 147833
SBX ID: TTQT1002




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