One of the Finest Restaurants in Northern Beaches, Under Management

Newport NSW
Asking Price $220,000
A very profitable Business operated under Management.
                                 An opportunity for an experienced owner-operator to increase profits
                                 Another management group to operate as is and ROI within 18 months
Restaurant Overview
Licensed restaurant perfectly located, ground level of modern apartment building, corner position at the entrance to Newport Beach Village Shopping strip with parking opposite. Licence with Primary service authority enabling patrons to order a drink at the table without eating.
Established for 5 years with a very strong local Northern Beaches following and extra benefits from Summer trade.
Financially solid with excellent yearly net profits with 2-year spreadsheet validating average weekly revenue of $44,000.
The interior is a stunning professionally designed commercial kitchen with an adjacent servery bar and cool room on the mezzanine level.  High majestic ceiling in the dining room and huge windows, the front of house stylishly furnished and fitted out seating 50 in & 50 outside on titled land.
Menu & Drinks list have been compiled designed sourced and costed by the owner/chef who has years of experience in catering to the eating and drinking habits of Northern Beaches clients from previous successful restaurants owned on the Peninsular.
Operated under management with provision for better profitability if it was owner-operated or operate as is with a management team, whichever, either one would have to be experienced as this is a well-oiled machine. The (ROI) Return on Investment from profits and management fees is within 18 months.
Trades - Lunch: Fr, Sat, Sun and Dinner: Tues, Weds, Thu, Fri, Sat, Sun.
Staffed with 6 full time who will stay and are the senior crew assisted with 6 part-time.
Lease has 2x5 year options with parking for 3 cars and plenty of storage.

                                           For further information call Tony Mathers on xxxxx
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