Reference No: 3347330

Food and Hospitality
Lismore & Far North Coast Region NSW

Price: $3,950,000

Freehold Waterfront Fish & Chips Takeaway Seafood Business for Sale

Freehold retail seafood business for sale and residence located in a prime waterfront position. The business for sale sells both fresh and cooked seafood and has been with the same owners for almost 23 years.

Situated in a much sort after area, this business for sale has been showing consistent growth for many years. It prides itself on its freshness, quality, and service which, with little or no advertising has enabled it to establish a loyal client base. This presents itself as a unique opportunity, as rarely do you get to own a well-established business that also includes a freehold premises for sale.

Revenue
$3,546,023

Net Profit
Significant returns as you would expect from a quality business for sale.

Location
Tweed Heads NSW

Potential
The business for sale concentrates primarily on retail with very little wholesale and the potential to increase sales further is substantial. You could add to this already unique business to create something special.

The region has many great food experiences with some well-known eateries nearby. This attracts a great deal more people to the area and is complimentary to this business for sale and its customer base.

Skills
Experience in seafood is not necessary but it would give you an opportunity to show off your skills. There are systems and staff are in place if you have a different skill set and are just looking for a great business.

Hours
Monday to Sunday 9.00 am to 7.00 pm.
There are several shift supervisors to allow you the freedom you require.

Lease
Freehold opportunity. Owners want the business for sale and freehold sold together.

Employees
16 in total

Reason for Sale
The business for sale has been extremely good to the owners and it has served its purpose.

About the Business
Highlights of the business include the following:
•    Limited competition
•    Combined commercial and residential premises
•    Great location with growth potential
•    Access to local residents and tourists
•    Experienced long-term staff in place including shift supervisors who are capable of managing the business
•    Excellent reputation in the area with little or no advertising required
•    Good returns with strong cashflow

History
The business for sale has been in the current ownership since the late 90’s and has been established as a retail seafood outlet for approximately 30 years.

Centrally located in picturesque surroundings, with the freshest of seafood that the local area has to offer. A loyal client base that covers a large area as customers are prepared to travel to get the freshest seafood available.

The business for sale specialises in fresh and cooked seafood, which is sourced from local fishermen, trawlers, and selected wholesalers. All seafood products are delivered to the business premises.

They stock a large variety of fresh seafood including local estuary and reef fish, local prawns, bugs and crabs, oysters, and a variety of frozen products. Fish is processed on the premises by its own filleters.

The takeaway menu is extensive and customers can choose from the menu board or choose their own fish from the fresh display.

The business for sale operates from the freehold which is owned in the same interests and is located in a prime waterfront position. There are multiple aspects to the freehold.

Rental appraisals of the freehold business for sale estimate that the commercial retail premises would let for $3,000 per week with all outgoings paid by the occupier and the residence attached would let for $500 per week. That is a total net rent, after all, costs paid by the tenant of $182,000 per annum.

The business for sale and freehold are to be sold together and will not be separated.

Revenue for the Seafood Retailing industry is projected to grow over the next five years, following the anticipated recovery from the COVID-19 crisis. Health consciousness is anticipated to rise over the period, encouraging more consumers to eat leaner sources of protein, such as fish and other seafood.

Sale Price
$3,950,000 plus SAV
Show More
Price: $3,950,000
Hallmark Business Sales
Address:
252/129 Laver Drive
Robina, QLD, 4226

View Website

Contact: Peter Gwynne
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