THRIVING BEACHSIDE RESTAURANT PRICED FOR QUICK SALE
THRIVING BEACHSIDE RESTAURANT PRICED FOR QUICK SALE
Industry :
Food/HospitalitySub Industry :
RestaurantAbout the business
With a management team in place December 23 sales totalled $193k and January 24 sales $191k plus there is still scope to grow.
A morning coffee service was set up prior to xmas as a grab and go food through a takeaway window and it made more than $150,000. The key to further enhancing this restaurant's success lies in extending its trading hours. The potential for breakfast service is particularly promising as the business is situated directly across from Kirra beach, surrounded by a mix of retail shops, food businesses, offices, and high-density residential areas. Currently 5 new high rises have been erected within 300 metres from the restaurant.This setting attracts a regular holiday crowd and a strong local following, offering an excellent customer base for an extended breakfast service.
Additionally, there is room for improvement in alcohol sales, via the liquor licence which currently accounts for 20-25% of revenue.
Key highlights of the restaurant include:
* Dec 23 sales $193k / Jan 24 Sales $191k
* A large floor plan and long lease, with ample seating both indoors and outdoors.
* Over 35 tables valued at $20k, 120 chairs valued at $10K, leather italian marble bench tops valued at $10K and Spanish tiles benches worth $8K.
* A well-designed kitchen capable of handling large volumes fitted with a brand new Maranna self rotating pizza oven worth $55K, four deep fryers, six burners stove, dishy area and a large extraction system.
* A fully stocked bar fitted with a six beer tap system, two soft drinks guns, glasswasher, Cocktails area and liquor licence.
* Duct air conditioning throughout the whole venue valued at $60K, 4 CCTV cameras and a SONOS audio/video system valued at $5K. New 3 phase electrical system
* 13k followers on Instagram
* A skilled head chef and management team run the business efficiently, requiring minimal input from the owner.
* Well-trained, professional staff, supported by robust systems and processes for smooth day-to-day operations. Recipes book and procedures booklet in place to allow easy training & take over.
The presentation and fit out of this business alone represents excellent value. As new equipment including furniture, fittings, high quality kitchen and wood fired pizza oven. A large footprint in a busy growth suburb surrounded by high rise buildings is supported by a long-term lease.
This restaurant offers a promising opportunity for any potential buyer looking to capitalise on its existing success and untapped potential.
Asking Price $325K + sav
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Business Brokers Network Australia is the largest Business Brokerage in Australia, with over 85 Business Brokers in all states of Australia in over 65 business locations.
Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful.
To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$325,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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