Profitable Mexican Restaurant & Wedding Venue - Work 3 days a week for a profit

About the business

Phone enquiries - please quote property ID 32264.

Work 3 days a week, shake Margaritas and make a Profit!!!

This is a rare opportunity to purchase a proven, profitable, systemised “Turn Key” hospitality business in the busy coastal town of Crescent Head, Mid North Coast, NSW. Secure your future and find the ultimate work-life balance you have dreamed of in this classic Aussie beach village.

La Costa Cantina is a Mexican Restaurant, Wedding Venue and bar located at The Med Hotel Crescent Head. Inspired by the dramatic western sunsets of Cabo San Lucas La Costa Cantina pays homage to the travels of those wandering souls.

Serving up Authentic Tacos, Premium Cocktails and other Mexican favourites, La Costa Cantina has quickly made a name for itself as the spot in Crescent Head as well as one of the coolest Wedding Venues on the Mid North Coast.

Just 4.5 hours from Sydney and 5.5 hours from Brisbane, Crescent Head is growing and is becoming one of the Hot surf towns of NSW as people search for the old Byron-style Experience minus the crowds & bloggers.

The current owners have proven this is a successful business. Ranked in the top 10 Mexican restaurants on The Fork food directory, listed in the Australian Good Food Guide Featured in Hello May Bridal Magazine’s Top 10 Coolest Coastal Weddings Venues, La Costa is a premium venue with the accolades to back it up.

With a premium professionally designed & styled fit-out, large equipped venue, long trading hours, fully licensed with Primary Service Authority and live music conditions & a long 9-year lease there is a huge upside left in this business.

Trading only Friday to Sunday evenings excluding School Holidays FY23 Results are exceptional and provide the new owners with the ultimate work-life balance. The below results are for a fully staffed business with managers' wage and 3 3-week winter break.

• Income: $15,933 p/w
• Rent $660 p/w
• GP 69%
• Wages inc Super: $6007
• Weekly Net Profit: $1658

Vendors are motivated to sell and Vendor finance may considered.

Commercial and residential real estate is closely held in Crescent Head and an opportunity of this kind does not come around often. On-site inspection will not disappoint the most discerning operator.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.