Highly Popular Bar For Sale – Mid North Coast NSW Location

NSW
Asking Price $750,000
About

Here is an incredible opportunity to simultaneously enjoy sea change, a luxurious lifestyle and an astounding income! A highly successful tavern in the super busy Mid North Coast NSW is up for grabs. Positioned in a popular and fast-growing holiday destination, the business has grown year-on-year. The reputed tavern has a good reputation for quality food and service in the region and has a long list of loyal customers. The high-exposure bar services many tourists visiting the destination and ensures a steady income. The foot traffic will increase further with a proposed 12-room motel to be built at the rear of the tavern.

The busy bar is surrounded by 16 luxury holiday cabins, run by a separate entity (9 on one side and 7 on the other), all fronting the river like the tavern. The surrounding businesses ensure continued walk-ins and a positive cash flow. The tavern comes with a fully equipped commercial kitchen, well-trained staff and goodwill in the market. It is an exceptional opportunity for driven individuals and seasoned entrepreneurs who wish to enter the booming bar and dining industry.

The population of Mid North Coast NSW was 4,600 in 2016, and the number has increased considerably over the years. There are currently 7 subdivisions in progress in the town, which will boost the population further. The business has been generating excellent returns that have increased significantly in the past three years, with the gross turnover jumping from 1.3 million in 2020-21 to 2.8 million in 2022-23. The tavern has a long lease with 13 years remaining. It is managed by six permanent and ten part-time/casual staff members. The sale includes a fully functional commercial kitchen, six poker machines, Keno, two pool tables and a courtesy bus.

Features of the Business:

Well-established and successful tavern in NSW
Outstandingly located in a busy tourist destination
High-quality food and services to cater to all types of customers
High growth potential in the location with a growing population
Trained bar staff to serve guests and manage business
Fully functional turnkey business with great returns
This is the perfect opportunity to invest in a tourist hotspot and join the boom. With the outgoing owner retiring, this business will be off the market soon. So hurry up and call us for a confidential discussion TODAY!

Ref Num: 7934344902
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