$60,000 ASSET SALE | NORTHERN BEACHES LICENSED CAFE, KIOSK AND EVENTS

UNDER OFFER






Business Overview

Take advantage of this once in a lifetime opportunity at one of Sydney's iconic northern beaches. This business will allow the new owner to capitalise on its magnificent ocean views, quality-modern fit-out, strong reputation, loyal local clientele, high volume of tourist trade, professional operations team and numerous revenue streams.


The business has currently closed due to the COVID-19 crisis however is still able to trade, has no rent obligations until the end of October, and enormous asset value of $675,000+.


An ideal opportunity for an experienced operator or hospitality entrepreneur to take the reigns of a successful, fully fit for purpose venue.


Prior to the current situation, revenue had continued to increase year on year and there are plenty of other opportunities to grow even further, especially by placing a strong focus on events in the function space that accommodates up to 120 seated guests and a private balcony overlooking the ocean.


Now is the perfect time to get into this business, with the quieter winter period approaching and no on-going financial obligations, you can gear it up ready for the pear Spring/Summer period.


This is a business asset sale with the goodwill thrown in for no additional cost. With the 'Instant Asset Write-Off Scheme' of $150,000 now offered by the government, buying this business will start you off in a financially strong position.



Financial Summary


Combined Net Revenue 2019FY $1,774,475

Combined Net Revenue 2018FY $1,708,215

Combined Net Revenue 2017FY $1,619,496


*All figures are quoted exclusive of GST



Features


Premier beachside location with spectacular views


Highly sought after venue for tourists and locals alike


On-Premise and off-site catering Liquor Licences with PSA


Function space allows for up to 120 seated guests


Restaurant allows for 70-100guests


Modern fit-out valued at $675,000





Buying a business is easy with Vision





"We understand that as every business is different, so is every buyer. Ask your broker about the information that the Vendor will make available as part of due diligence, so you know what to expect at the beginning of the process "


Daniel Kogan

(e)  daniel@vbaaustralia.com.au

(m) 0401 620 918

(t)   (02) 8923 2632


The Purchaser is responsible for conducting their own investigations in relation to this business and VBA does not warrant the accuracy of any information contained on this business

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30 + years experience 

in operating, selling and buying

businesses

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(02) 8923 2632

info@vbaaustralia.com.au

Level 32/ 101 Miller Street
North Sydney, NSW 2060

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