Business DescriptionLocated on the beach in popular Echo Beach this restaurant has operated for over 5 year and is being sold for personal reasons.
The restaurant is 200Sqm, offers seating for 80, with magical views as demonstrated in the attached photos.
There is an enormous amount of new development taking place within walking distance to the restaurant, a large hotel has recently opened.
The business has been run predominantly under local management, as the Australia owner has been forced to return home for family reasons.
Undoubtedly an owner spending more time seeing over the business will result in improved performance.
The business will be sold with a 5 year prepaid lease, a further extension is available.
The business went through a name change recently, has live band performances on specific nights, also a DJ and have recently installed TVs to cater for the sports fan, as well as a billiard table.
Sales $170.000+ AU PA
Profit $60.000+ AU PA
Sale Price $225.000 AU – REDUCED - Inc of the 5 year lease.
If you are looking to secure a great little business for a modest outlay, the sale of this business will enable that.
NOTE- Photos are actual.
You will be requires to sign a CA before further details are supplied