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For Sale: ** This business must sell, all reasonable offers will be considered.
A spectacular waterfront location at one of Sydney's iconic northern beaches.
This business will allow the new owner to capitalise on it's magnificent ocean views, quality-modern fit-out, strong reputation, loyal local clientele, high volume of tourist trade, professional operations team and numerous revenue streams.
An ideal opportunity for any experienced operator or hospitality entrepreneur to take the reigns of a successful, fully-fit for purpose venue.
Revenue has continued to increase year on year and there are plenty of other opportunities to grow even further, especially by placing a strong focus on events in the function space that accommodates up to 200 guests with a private balcony overlooking the ocean.
Don’t miss out on this once in a lifetime golden opportunity, this business is priced to sell. Now is the perfect time to put your own stamp on the venue in time for the busy Spring/Summer period.
Net Revenue $ 1,841,847
Cost of Goods $ 462,330
Rent $ 285,000
Expenses $ 176,673
Wages incl Super $ 699,713
Net Profit / EBITDA $ 218,131
Net Profit / PEBITDA $ 136,006
*All figures are quoted exclusive of GST
*Projected 2019FY figures
• Premier beach side location with spectacular views
• Highly sought after venue for tourists and locals alike
• On-Premise and off-site catering Liquor Licences
• Function space allows for up to 200 guests
• Cafe/Restaurant allows for 70-100guests
• Modern fit-out valued at $675,000 |
• Increased turnover year on year, 2019FY forecast to reach over $1.8M
Lease: Ends December 2034
Annual Rent: $ 285,000.00
Annual Increases: CPI
Seating Capacity: Function space of up to 200 guests, Dining 70 - 100 guests
To fill out a confidentiality agreement on this business copy the following URL in your browser and follow the prompts https://www.vbaaustralia.com.au/post/waterfront-cafe-restaurant-function-centre
Or for further details contact Daniel Kogan.
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