Ad ID: 79057 Inactive
Prime Esplanade Restaurant for Sale Hervey Bay QLDEnquire about this "Prime Esplanade Restaurant for Sale Hervey Bay QLD" opportunity on aubizbuysell
Prime Esplanade Restaurant and Freehold
Business for Sale Description
Prime Esplanade Restaurant for Sale Hervey Bay QLD Asking: $1,800,000CPI Business Sales has secured a rare opportunity to not only buy the Bay\'s most recognized restaurant, but also the prime Esplanade freehold consisting of a mix of commercial tenancies with the added bonus of DA approved residential duplex. The business turns away customers now as it is regularly at seating capacity.
The commercial premises consists of 3 tenancies with a planned change to include a 4th tenancy as well as having completed all the hard work to build a residential duplex onsite overlooking the bays pristine beach and waters sheltered by the world heritage listed Fraser Island.
The owners of this exciting opportunity recognize that some buyers want to own the premises as well, so they are open to a full package sale or a first right of refusal on the premises if the business only was purchased at this time.
Comprising 3 tenancies returning around $120,000 pa plus outgoings.
Approximately 437m2 of lettable space
Approximately 150 m2 lock up storage with DA to replace with Duplex
Strong reputation for quality food
Constantly booked out
First time offered to market
Proven menu and process
Ranked high on external sites such as Trip Advisor
Repeat business both local and holiday makers through reputation
This established business is to be sold with all plant and equipment including seating, cutlery, cooking utensils, fridges, freezers, displays, cold room, ovens, stoves etc. A full list of inclusions is available.
Owners are looking to slow down, not leave town, so they are open to negotiation on training and a warm handover of the business.
Financials available to qualified buyers.
REASON FOR SALE:
Owners looking to down size to a non- competing business.
PRICE: $1,800,000 wiwo
Reference Number: CK014
Call us now for more details.