Waterfront Cafe Restaurant and Bar For Sale | Geelong

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$1,799,000 SAV

Waterfront Cafe

Restaurant and Bar For Sale

An established part of both the waterfront dining precinct and the wider Geelong dining scene for almost twenty years, this big, popular café, restaurant and bar is now for sale…and presents a rare and exciting opportunity for a savvy hospitality investor.

 

Look Out Over The Bay…

 

A prominent feature on Eastern Beach, this waterfront café, restaurant and bar for sale spreads over two floors offering guests a spectacular ocean backdrop, whether it be for an intimate dinner a deux or for 200 guests at a private function.

Features include:

  • Weekly sales circa $100,000;
  • Open every day for lunch and dinner;
  • Also open for breakfast during the warmer months;
  • Perfect for private functions, from 10 to 200 guests;
  • A flexible indoor/outdoor configuration;
  • A wide range of beers on tap together with an extensive selection of Victorian craft beers;
  • Eleven years remaining on lease;
  • Very low rent – just 4% (approx.) of sales turnover;
  • Available fully managed.

 

Now, Look Into The Future…

 

Current projections for FY2018 are for revenue to approach $5.5 million. And there’s a lot going on in the immediate area with the relocation of government offices and the construction of several apartment complexes and student accommodation in the immediate area.  Established hospitality venues like this will be certain beneficiaries of such developments.

 

No matter which way you look at it, the waterfront cafe, restaurant and bar that’s for sale in Geelong is a smart acquisition.  Express your interest now, before it’s too late.

 

FOR SALE: $1,799,000 + SAV

 

Click on the Confidentiality icon or call the broker, Michael Parthenides on 0425 832 986.

Benchmark Business Sales & Valuations

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Michael Parthenides

Business broker Michael Parthenides

Benchmark Business Sales & Valuations business broker Michael Parthenides sells business in Melbourne. Contact Michael to sell your business today.

business_status Status Popular business_profit Price $1,799,000 SAV business_adress Location Geelong VIC 3220, Australia business_industry Industry Hospitality business_id Listing Number b20040576

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