Listing Number: 32457-224764
PRICE: $60,000+ (Stock at Value)
Rent $41,606 pa | $800 pw |
OWNERS EARNINGS / NET PROFIT: $ confidential
The natural charm of this tenancy stands head and shoulders above the square boxes a plenty on main street. Would suit any cuisine. A ripe opportunity at a fraction of the cost of starting from new.
Close to Motels and Hotels at a busy intersection on the Princess Highway, this Restaurant has great exposure. Surrounded by anchor tenants such as K-mart and Coles, a stone’s throw away.
About the Business| Owners contribution
Fully licensed established Seafood and Steakhouse centrally located,
serving cocktails & liquor- also serving Seafood, Steak, Pasta and Desserts.
This Restaurant has been servicing the local community for 40-years now. Current clientele consists of family get togethers, romantic diners, walk-in passing trade and guests from neighbouring hotels/Motels. Also catering to office parties.
Owner/Chef works 7 Days.
There is little competition locally that offers the tranquil and ambient atmosphere captured in this charming Restaurant. With all the cookie cutter tenancies on main street, this venue has charm, and this is complimented by the acoustics- most Restaurants fail to consider.
A private dining area flooded with natural light ads an extra draw here for private functions or intimate family gatherings.
• Cheap rent
• Charming original wood features and glass work
• Long Lease
• New signage $5,500
• Full license
• Neighbouring- National Retail Anchor Tenants
• Full commercial kitchen
• Male and Female toilets
• Separate office area
• Ample storage
29/08/2022 plus 5-Year option | No % increases
Dinner 5.00pm – 11.00pm | 7 day if desired
Lunch Tue-Sat 11.30 - 2.30
Staff Management, Customer Service, Cooking, Stock Buying, Basic business admin.
Owner in Kitchen and 1 x waitress | Weekends- plus 2 x casual waiters
These premises and elaborate fit-out offer an astute operator the ability to enter the market with all the hard work complete. licensed and fitted with a full commercial kitchen, this business is ready for growth and would benefit any new owner to either simply take over and run- then ramp up with Database Marketing, Brochure Drop, Social Networking.
Also offers the ability to open a coffee station on ground level to capture passing trade presently not being catered for.
Perfect for a competent cook to improve upon the current standard and put their stamp back on this iconic location.
• 1,100 litre Grease-trap
• 8 x Burner gas stove
• 800 mm Bar Griller
• Double fryer
• Bar fridges
• Drinks cool-room
• Brand new cool-room compressor $6,900 (walk in)
• New dish washer $13,000 (Norris Elite series BT2000)
• 3 Metre exhaust-hood
Reason for Sale
40-year trading history
Keen vendor, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.
- Price: $60,000
- Down Payment: TBD
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Inventory: $0
- FF&E: $80,000
- Reason for Selling: Partner dissagreement
- Category: Restaurants