Summary
Popular Restaurant at The Entrance with a well established following and professional setup is ready for an easy take over. This profitable venue has room for growth and opportunity for the next owner
Revenue
$700,000 pa
Rent
$71,000 pa
Expenses
$550,000 pa
Net Profit
$150,000 pa
Location Details
27 The Entrance Road
Located on the The Entrance waterways, plenty of parking and amazing water views. Fantastic restaurant and event space for new owner to expand the operation. Amazing for weddings, events, corporate seminars, high teas, festivals and parties.
Potential
New DA for 400 buildings on land around the venue
New housing development in the area to increase local population
Opportunity to expand opening hours
Drive the wedding bookings
Catering and Home Delivery via menulog (dark kitchen)
Establilsh connections with tour opperators
Big growth at Newcastle Airport in 2025
Skills
Good understanding for customer service and hospitality.
Event experience would be vaulable.
Hours
Currently open Thursday to Sunday for lunch and dinner.
Breakfast on Saturday and Sunday.
Lease
Recently renewed lease with 5 years + 3 years + 3 years
Employees
We have approaximiatly 10 casual staff
Reason for Sale
Owners have owned a pharmacy and two resturants for the past 8 years. They recently had their second child, and looking to cut back their business responsibilities.
With two kids under 4 years of age, they are looking for a change in lifestyle.
About the Business
Popular Location, Financial Peace of Mind
If location and financial security are important to you, then look no further. Situated in a buzzing coastal suburb on the Central Coast, this business has consistently strong trading figures twelve months of the year. It has established regular and repeat customers over its eight years of operation.
This location and its neighbouring suburbs are renowned tourist destinations, known for breathtaking views and beautiful beaches.
A professionally run restaurant with an enviable reputation, this restaurant is always abuzz with
activity! This restaurant loves to invent news way to bring the community together, with wine
festivals, school holiday activities, beer tasting weekends, pop-up events and more!
The premises house the following:
- A Main Dining area that can cater for between 90 and 150 guests,
- A Loft that can cater for up to 30 to 70 guests,
- Private Bars and Dining Rooms upon request,
- A Garden Marquee for 40 to 90 people
This restaurant is a multi-space venue, offering a wide range of options for events and functions; we host weddings, birthday parties, high teas, corporate seminars, business networking and offsite strategy sessions. Bookings already secured until 2025.
All this is set in a relaxed and friendly dining atmosphere, with great water views and exceptional staff.
Offering a diverse menu, including many seafood options, platters as well as an exciting dessert menu.
This business is fully licenced with a PSA Licence, offering an extensive range of beverages, including craft beer, wine & cocktails.
The business would suit someone looking for a sea change, or a competing business looking at
expansion.
The venue has been professional setup for effective online management
- POSBOS for cloud based till system with apple tablets
- QR ordering with Hungry Hungry
- Nowbookit for online table and gift cards
- Talkbox Data management for newsletters/SMS marketing
- Free Venue Wifi for guests
- Modern Website with virtual 3d tour of space
- Remote access security cameras
- Accepts Best Restaurant Gift Cards
- Cloud based rostering system
- Google Music with Bluetooth speakers
- Wifi TV Screens in venue
Active membership and social media Following
- Almost 10000 email and mobile membership database
- 16K Likes and 15K Facebook followers
- 2600 Instagram Followers
- Facebook 4.5 Rating from 1400 reviews
History
The restaurant is in an 1903 historic building with old school charm. It has been The Entrance Lake House since 2012, when it got restored by the historical society.
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