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.
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
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
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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