Summary
Perched just steps from the Emerald Beach coastline, this restaurant offers breathtaking ocean views, creating a truly memorable dining experience. Focused on Seafood, Cocktails, Wine, Dinner.
Revenue
$220,000 pq
Rent
$12,000 pq
Expenses
$190,000 pq
Net Profit
$18,000 pq
Location Details
104 Fiddaman rd
Ocean Views from almost every seat in the restaurant!
Nestled by the beach in a residential area surrounded by greenery and grassy reserves. Peaceful, natural dining experience.
Ample Beachside Parking, waterfront location,1km from Pacific Highway
Potential
Huge potential to extend trading to breakfast and lunch especially over the weekend.
A chance for new owners to simplify menu offering and extend to takeaway trade, something very lacking in the northern beaches area!
Also a lot of space and extra equipment for functions, private events and catering opportunities.
A garden bar on the ocean side of the venue unused and in disrepair, could be easily fixed to gain an extra 6 to 8 seats in a more casual setting.
Skills
Some management and/or hospitality experience is reccomended. The sale includes a team of experienced front of house staff and kitchen staff ready to push the venue into its next stage of growth.
We have worked hard to create a solid set of standards and systems for new owners to step into roles and excel quickly.
Hours
wed to saturday lunch and dinner ( 12 until 9.30 )
sunday breakfast and lunch (seasonal offering 8 until 3 )
Lease
Currently in first term of 2 x 5 ( secured until 2033 )
Employees
3 full time, 6 to 12 casuals depending on season.
the 2 owners work 2 x 8 to 10 hour days each for lunch and dinner service.
Reason for Sale
We have been in partnership in hospitality venues for almost 10 years!
We now both have young families and other business commitments.
We've enjoyed the lifestyle, the industry and the view but are now ready to hand over the reins to another motivated entrepreneur.
About the Business
Well established upmarket casual Restaurant and bar with ocean views
Fully licensed
Mediterranean share style menu
Very popular 'locals night' promotions (wednesday pasta and thursday steak)
Profitable food menu and drinks lists
Active social media presence
Ample parking, regular local trade, incredible tourist spot
70 pax seating indoor and out, water views from almost every seat
100 pax standing function space
very few competitors in northern beaches / woolgoolga area
2 x 5 Lease available for continuation subject to landlord approval.
Dinner is definitely the busiest offering, followed by our popular sunday breakfast.
Its such a fantastic Lunchtime venue with the view on full display, takeaway potential is massive.
Our location in an affluent suburb ensures strong local support and lots of interest from the greater northern beaches area, with our incredibly successful pasta and steak nights ensuring our weeknights stay busy in our popular village
Diverse cuisine offering in our meditterranean styled menu ensures there is something for everyone and plenty of room for play and creativity within this theme.
A simple local focused drinks offering makes sourcing and bar management easy
Both kitchen and bar have strong records, processes and detailed recipe books to ensure consistency across products and very helpful for onboarding new team members.
Cleanliness is top shelf, the bar is small but very functional and well kept, lots of storage upstairs around the dining area and also a large downstairs room with shelving, fridges and freezers.
Kitchen is in great shape, top brand machinery and equipment which has been well cared for and maintained, New oven has been financed via silverchef in FEB 25, its a blue seal convection with 6 burners. Lots of prep space and a service friendly layout, again there is ample storage downstairs especially which is utilised by FOH and Kitchen extensively.
Plenty of room for lifestyle in our less is more and quality focused approach, also plenty of opportunity to extend hours and offerings to suit a larger team and a growth focused approach!
History
We are currently only the 3rd owner of this venue over its 25+ year history
From coastal fine dining to relaxed cafe or casual bistro with strong takeaway offering, It has proven to be a hugely adaptable venue. All iterations have proven to be effective in the site and within the community.
Taking over at the start of 2023 we intended to bring the well known venue back into its prime!
Profitable, popular and once again a premier dining location of the Coffs Coast.
Its ready for new owners to take it into a successful future.
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