Summary
High profile family friendly restaurant in seaside tourist town. Systems in place for turnkey sale. Urgent sale for health issues however. Would suit owner operator and training.
Revenue
$11,500 pw
Rent
$1,548 pw
Expenses
$7,852 pw
Net Profit
$2,100 pw
Location Details
Far South Coast, NSW. A beautiful friendly area with great lifestyle. Excellent schools, large hospital. Air, bus transport.
Potential
Business is currently in growth phase after repositioning and rebuilding. Currently 33 hours per week. Further growth through extended hours, delivery options.
Skills
Passion for great service, food essential. Systems in place for food prep for current menu. Requires hands on owner involvement.
Hours
Currently 5 nights 5-8.30ish. Lunch 4 days 12-2pm. Plenty of potential to extend hours
Lease
6.7 years remaining. Rent is 'gross' ie includes all standard outgoings. additional % greasetrap + lift maintenance.
Employees
1 full time Cook
1 permanent pt Chef with full time December to March.
Dishies - junior casuals (5)
FOH - Mix of RSA and junior food attendants (12)
Bar/Hed chef/Owner 1.3 full time
Reason for Sale
Primary owner has health issues requiring at least two years of treatment. Physically unable to work at present.
About the Business
A popular Merimbula restaurant with incredible location overlooking Merimbula Lake to the Ocean. offering a variety of dining areas including the front open air terrace, rear covered terrace that is also able to be weather proofed during cold or inclement weather. Add to that the main dining area, the kitchen adjacent, perfect for groups up to 14, and more
Reknowned for excellent service, tasty generous portions of traditional Mexican food. Additionally we have an exceptional range of beers with more than 50% being leading Mexican brands.
Achieving traditional flavours has been essential with our Margarita range of drinks (5 flavors), all being finessed to satisfy the fussiest of Margarita specialists.
Our bar also offers a full range of liquers and spirits along with a careful selection of wines.
Full table services for dinner and 'bar'' service during lunches due to minimal staff.
We are a family friendly restaurant and in the town that young people understand 18 can still gather to celebrate together.
The venue has been decorated to be clean, colourful and welcoming. New carpets have been installed in inside dining areas and new bistro blinds on the rear deck. All other interior is less than 2 years old.
Equipment has been well maintained and replaced. Capital outlay for future buyer is minimal and nonessential for continued operation.
Excellent source of local and specialist suppliers.
History
The current owner was a chef in the restaurant for a short period before purchasing on 31/3/23. Unfortunately in May 23 she suffered a major back injury but still returned to operate within two weeks. After a busy dummer season in the current year she suffered a set back with knee issues. Unfortunately diagnosis and treatment were not straight forward and now an extended treatment program is required.
As partner in the business. Her husband has extended his assistance but that is not available on an ongoing basis.
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