Internal Ref: Barzura
Summary
As day morphs into night, this Coogee Beach restaurant transforms from a sandy beachside cafe into an elegant waterside bar and dining destination.
Revenue
$4,300,000 pa
Rent
$465,000 pa
Net Profit
$400,000 pa
Location Details
62 Carr Street, Coogee Beach 2034
On the South End of Coogee Beach - overlooking the sand and the water. Absoilutely front row location and gorgeous
Potential
There's a concise but decent list of cocktails, beer, wine and spirits, all the better to enjoy when the floor to ceiling windows are opened to the ocean views.
During the day, this is the kind of place you waltz in with sand on your feet and a towel over your shoulder for a scrumptious brekky and freshly squeezed juice.
Skills
• Enjoys the premier COOGEE Beach location - established in 1994
• 7 days a week from 7.00 am to 9.00 pm with an appropriate and good value menu –
• Fully equipped and easily operating - total Seating for: Inside - 100 Outside: 40 .
• Rent represents approximately 12% of turnover of restaurant sales alone
• 1st floor Wellness Studio – Pilates, Yoga and massage therapies – included in rent
additional Income from Wellness Centre
• A professional front of house team together with a Chef lead kitchen brigade.
Hours
Currently trades 7 days a weeks from 7.00 am till 8.30 pm
Lease
Lease through to june 2028 + 1 x 5 hear option through to June 2033
Employees
There is a full kitchen and front of house brigade - with Chef and Sous Chef plus Management teams.
Reason for Sale
The family has operated this restaurant, cafe and bar plus Wellness studio for more than 30 years and it is now time to start taking life alot easier.
About the Business
When the currenrrt restaurant owner stumbled across a Mexican restaurant on an innocuous block of land in Coogee over twenty years ago, he saw his future laid out in front of him. This year marks nearly 31 years since it first opened its doors. Coogee was a much different place 31 years ago. Thew menu then, in 1994, focused on an Italian and Hard Rock Café style of cuisine. Over time the restaurant has moved more towards Asian food, aligned with its Balinese and Filipino chefs. “The big thing is the evolution of the food where we’ve left behind our European routes and our café routes and gone in an Asian direction, which has been in line with people’s changing eating habits,”
History
Threstaurant, cafe and bar and Wellness Studio has been owned and operated by the same family for more than 30 years.
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