Licensed Bar/Restaurant and Café - 1SELL Listing Number: 1AU064

Terrigal NSW
Asking Price $699,000 + SAV
About
1SELL Listing Number: 1AU064.

Asking price $699,000 + SAV

Are you ready to own a Business? Well, opportunity doesn’t get any better than this

On offer is a beautiful and popular Licensed Bar/Restaurant and Café.

Uniquely breathtaking setting, both indoors and out, there is nothing like this on the Central Coast.

Customers have come to appreciate the picturesque surroundings, amazing setting and delicious dishes, with many travelling from Sydney and Newcastle for an experience that is unmatched by any local competitor. And, many customers are repeat, with new customers attracted through advertising, website and word-of-mouth.

Also, the menu has been designed to offer diverse and varied meal selections that will not only satisfy the diners but also be cost-effective with high margins.



This busy Licensed Bar/Restaurant and Café is situated on a busy Street, Amazing Location!

Key Features

   -  On offer is a beautiful Licensed Bar/Restaurant and Café operating since 2019.

   -  Busy Main Road location in the Town Centre.

   -  It is well-reputed for its excellent service and great food.

   -  Currently staff operated and is only opened 4 days.

   -  Lease until August 2024 with an option to renew for further 5+5 years.

   -  Fully equipped kitchen and all the kitchen equipment are in good condition.

   -  Complete Bar setup, a unique mix of modern and contemporary design.

   -  Fridges, freezers, POS systems and monitors for menu are in place.

   -  Uber, Menulog and Door Dash delivery options are in place.

   -  Toilets and separate storage room on premises.

   -  Training provided and great opportunity for Owner operator.

   -  Excellent opportunity

Revenue and Expenses

   -  Sales= $174,334/ month approx. with current short operating hours on weekdays.

   -  Rent per Month = $8,667/month

   -  Wages expenses = $55,191/month approx.

   -  Monthly net earnings before tax= $59,135/month

Potential

   -  Increase the trading days and hours, as it is on the Main Street.

   -  Expand the menu and the offerings.

   -  All above should increase the volume of sales per month.

Cost to Acquire

   -  Business: $699,000+SAV.

   -  6 months lease bond

   -  1 month rental advance

   -  Legal fees for buying the business and lease transfer cost.

Call Gaurav for a confidential chat & quote Listing Number: 1AU064.

Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

Property Code: 75
        
Ref Num: onesell_51_44
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