Cowes

$150,000

Restaurant - ST1113

This outstanding newly designed Restaurant with a local charm is located in the heart of Phillip Island – commercial hub, which positively bustles during the holiday season. 

About the business:

  • Unique Restaurant in the area, perceived by the locals and tourists for its great service, unique delicious food and homely atmosphere
  • So much room for growth and potential to trade in the nights, functions, deliveries
  • Takings $15,000pw summer and $8,000 pw winter and rapidly growing
  • Asking price is $150,000 
  • Rent is only 777 per week
  • Open 6 days a week closed on Monday
  • Short operating hours of 4 hours daily: from 5pm – 9pm
  • Open Bar with Liquor licence till 11pm 
  • High net profit for the working owner
  • Excellent customer feedback on Google and alike websites
  • Spacious open space seating up to 140 customers, current set up is 80 seats
  •  Large open kitchen layout. Large food preparation area and dishwashing station
  • Immaculate commercial kitchen, Fully equipped with multiple deep fryers, flat grills, oven,6 burner stovetop,6 under bench fridged, large exhaust canopy 
  • Large walk-in cool room, freezers, fridges all included in the sale
  • Multiple parking spaces located at the front of the restaurant and surrounding streets
  • Earthy and relaxing interior with an open plan spacious seating arrangement
  • Out front seating catering for large groups, customers with pets and outdoor seating on popular summer days.
  • Extremely popular among the locals creating a huge demand
  • Seasonal menu catering for all eaters of the community

Why invest in Phillip Island?

Millions of tourists are attached throw-out the year visiting the iconic Penguin Parade and the Phillip Island Grand Prix Circuit Visitor Centre, experiencing the speed and excitement of the Superbike World Championship, the Australian Motorcycle Grand Prix, or one of the many motorsport events held throughout the year.

 
Lease :

Long Lease available of 3 years plus 3 years option 

Details

Suburb Cowes
Property Type business
Category Food/Hospitality, Food/Hospitality

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