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This stunning restaurant and café is ideally located on the beachfront with an expansive balcony overlooking the ocean.
The restaurant seats 150 people inside, 100+ people outside - making it an ideal location for weddings, celebrations, and summer parties.
During the summer months of December and January the restaurant hosts a beachside bar that is brought to life with the atmosphere of a Mediterranean beach club with locally-sourced beer, craft cocktails, and colourful entertainment.
There is also an outside kiosk that operates during the warmer months, with room to expand on trading hours.
The business has annual sales of $2.5 million, with excellent returns.
The current lease is to October 2025 with two rights of renewal remaining, taking this lease up to 2042.
Tony Iasiello 0412 217 608
Goodwill including Plant & Equipment | $1,100,000 |
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Stock at valuation (approx) | $40,000 |
$1,140,000 |
Current Rent | $7,000 per month + GST |
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Lease Term | 7 years |
Lease Expiration | October 2025 |
Right of Renewal | 1 x 7 years (2025 to 2032), and 1 x 9 years & 5 months (2032 to 2042) |
Bank Guarantee | 2 months' rent |