Like the old saying goes, “One person’s loss is another person’s gain”, and in this case other pressing business investments force the sale of this hugely successful Northern Beaches restaurant. The owners have worked hard for nine years to make this a landmark restaurant with 2016 sales in excess of $980,000 and a profit to the owners after all expenses well over $200,000.
A recent $25,000 refurbishment, over $100,000 in plant and equipment, together with the huge profit, make this one of the most affordable restaurants available in Cairns, if not Australia today. The restaurant presents beautifully and is a popular venue for any occasion – suitable for corporate events, special functions or just a casual meal.
The restaurant seats approximately 80 undercover on the sun deck. Rent is a very affordable at $870 per week and a new lease is on offer to the buyer’s terms. Located strategically on a prime corner position in the tourist hub of the Cairns Northern Beaches, the position is worth the money alone.
Currently opens 7 nights a week from 4pm to late with a modern menu which caters for all tastes. The restaurant is liquor licensed and stocks over 70 different local and imported beers, together with an extensive Australian wine list and also offers diners an attractive BYO wine option.
The asking price includes all equipment free and clear, including a professional website and popular Facebook page. Many favorable reviews can be found on TripAdvisor.
The seller has so much confidence in his business that he is prepared to provide vendor finance to an approved Buyer.
This is one of the finest and most profitable restaurants available in Cairns today.