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$30,000 Licensed Cafe, Kiosk And Function Venue | Northern Beaches

For Sale: $30,000





Business Overview

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 the tourist trade, and numerous revenue streams; not to mention having an 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 initial onset of COVID restrictions, revenue had continued to increase year on year and there are plenty of opportunities to grow this business 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.


With the peak Spring and Summer period fast approaching, now is the perfect time to get into this business and hit the ground running.


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.


Features

  • 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

  • The restaurant allows for 70-100guests Modern fit-out valued at $675,000






Financials

  • Combined Net Revenue 2019FY: $1,841,847

  • Combined Net Revenue 2018FY: $1,708,215

  • Combined Net Revenue 2017FY: $1,619,496


*All figures are quoted exclusive of GST



To enquire on this business and obtain further details, please click on the blue button at the top of the page.