Summary
Facing what was judged the "Best Beach in Australia 2020" the location does not come much better than this. Extremely busy and sought after venue, also servicing the Surf Club Venue upstairs.
Revenue
$1,100,000 pa
Rent
$42,924 pa
Expenses
$800,000 pa
Net Profit
$257,000 pa
Location Details
Located on the beachfront in beautiful Cabarita Beach, this Cafe and Licensed Restaurant also services the Surf Club venue upstairs. Ample parking and amazing views. Very popular tourist area during summer and winter.
Potential
This business services two venues from one kitchen, the potential for growth is massive with the upstairs venue currently under renovation virtutally doubling its size and owners could have the potential to put in another kitchen and have three seperate venues operating in the future. The Tweed Coast area is a beautiful location with people migrating from North and South. There is a large development about to take place which is going to increase the population two fold. There is no other Cafe on the Tweed Coast that has this potential to grow.
Skills
Pleasant manner. Ability to work with staff of varying ages. Organisation. Understanding of cash flow. Eagerness to learn.
Hours
7 days per week. 8am to 3pm Sunday to Thursday and 8am to 8pm Friday and Saturday. Extended hours during holidays.
Lease
Current lease expires 30th November 2025 with a an option of 4 years to extend until 30th November 2029.
Employees
One permenant staff Member and sixteen casuals. This changes during holiday periods etc.
Reason for Sale
The current owners are a family and the adult children are moving on to other ventures and the owners wish to retire.
About the Business
Established for 17 years. Fully licensed. Indoor/outdoor dining. International Menu with weekly specials. Two venues. Qualified chefs. Fully trained staff. Catering for Weddings and Events in the upstairs venue. Private events in the downstairs venue. Only Cafe in the town with ocean views. The sale includes fully set up POS, Booking System, Social Media Accounts and Website. Long term staff and Head Chef who does all the ordering, stock control and Menu. New owners would need little or no experience with full training provided.
History
The Restaurant was family owned since 2017, the present owners have a long association with the Landlords being the Surf Club since 2005. It is a long established Venue in the town and very well known to the locals and tourists.
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