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Bar & Grill, Mid North Coast(Leasehold)
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$ 800,000
Sale Method: Open
Status: For Sale
Business: Leasehold
Property: Hotel

Located on the majestic North Coast of NSW, just three hours’ drive north of Sydney and featuring fabulous, uninterrupted water views, this landmark restaurant has developed an outstanding reputation and massive repeat client base amongst residents both local and within surrounding areas, while also capitalising on the regions booming tourist trade.

With 10 years of trading (Open 7 Days and & Nights per week)  and capable of seating up to 110 guests, the fully licenced restaurant/bar has become a popular destination for both locals and tourists alike with its fabulous waterfront location perfect for a quiet meal, family get together, romantic dinner, drinks with friends, function or event. The restaurant is also a much sought destination in the lucrative wedding market.

In addition to being absolute waterfront, the restaurant has recently undergone a $250k renovation and offers excellent exposure and accessibility. The business is run by a fully computerised, state of the art Point of Sale System that has a full reporting system accessible in seconds and a website that generates client bookings through the Dimmi online booking system.

The business has a stable and consistent financial history, through to date. With limited marketing/promotion, the business has generated a strong sales performance. If focused on could generate even more money for this well located and high repeat purchase business. A long term lease on the site offers security for the new owner moving forward.

As well as its location, setting and décor, the restaurants success has also been built on a much loved modern Australian menu showcasing the regions superb range of fresh seafood. The business also includes gluten free and other healthier options which other businesses of its kind in the area do not offer. Clients seek this business out and then return, often, due to its menu offering.

The restaurant also boasts one of the region’s best bar setups, being able to be served either inside or alfresco and is known to boast the region’s most dynamic wine list, three beers on tap and a vast package beer selection, capitalising on the craft beer craze. With no other restaurants offering a similar overall product in the area the business generates excellent turnover and income, particularly during peak holiday periods.

This is a relatively simple business providing high gross profit margins. The restaurant can be run under management – leaving the new owner with the flexibility to be as hands-on or hands-off as their lifestyle requires.

 

For sale in conjunction with Anthony Harris, Harris Estate Agents, Canberra ACT

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Contact Numbers

Greg: 0407 623 199
Trent: 0429 623 199
Office: (02) 6362 3199

Facsimile

(02) 6361 4384

Postal Address

12 William Street
Orange NSW 2800

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