Hatted Bar/Restaurant With Profits & Lifestyle

10 days ago

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Internal Ref: 9508


Phone enquiries - please quote property ID 24842Award winning profitable restaurant with strong growth (under management). Nestled in the heart of Lismore, this stylish restaurant is now on the...

Location Details

6 Nesbitt Lane

About the Business

Phone enquiries - please quote property ID 24842

Award winning profitable restaurant with strong growth (under management). Nestled in the heart of Lismore, this stylish restaurant is now on the market. This once hidden laneway venue is now the talk of the town and well regarded by locals, and those seeking culinary experiences across the region.

The Loft offers six figure profits to the new owner operator, with multiple opportunities for expansion to further grow revenue and profits. All the hard work has been done and over the last 3 years the business has strengthened repute, now second to none. This has been a combination of quality service, quality food and sensational premises.

Often booked out a week in advance, The Loft is returning a healthy profit to the non-working owners who are ready to embark on their next venture. A strong reputation has been created with the awarding of multiple industry awards including; 2018 Regional Master Builders Small Restaurant Fit-Out, 2019 Australian Good Food Guide Chef Hat (12points), 2020 Australian Good Food Guide Chef Hat (13points).

Key points:

- Trading only 4 dinners service per week, 48 weeks per year
- New fit-out only three years old
- Full POS system
- Online bookings and voucher sales
- Excellent reviews and ratings
- Abundant stock of quality tableware and barware
- Licensed to sell alcohol without the consumption of food (PSA) – (transferable)
- Licensed to sell alcohol off-site at events (Catering & Weddings) – (transferable)
- Seating capacity; upstairs 36, downstairs 16, outside 16
- Special Event Council Zoning for private laneway events
- Low rent under $20K per year, water and waste included
- Runs currently with 3 full-time plus 4 casual staff
- Currently operates under management
- Average weekly revenue $13-15K. Up to $20K per week during peak season

Selling price $249,000 plus SAV (optional) minus Negotiated Pre-Sold Voucher Value

There are still many opportunities for this business to increase revenue and profits with off-site catering, regular laneway events, or just extend the trading hours beyond the four existing nights of trade (with popular demand to do so).

The Loft is a great opportunity for a skilled hospitality professional wanting to make their mark in the industry, providing a lucrative work/life balance for a dedicated owner operator. Lifestyle in the Northern Rivers Region is excellent. Just 30 minutes to the beach and 40 minutes to Byron Bay.

NOTE: The business has been profitable during COVID-19 trading at, or above 100% of pre-covid revenue levels.

Further information available. Enquire today.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

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