Business For Sale

Restaurant Bar Cafe Business For Sale Phillip Island - Cowes

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Property ID : B12838

Business For Sale 198,000 - Restaurants
$16,000 pw Turnover$4,606 pcm Rent5x5x5Business Broker – Chris Panagiotidis Print

This Restaurant Bar Cafe Business For Sale is well located just 100 metres from the foreshore. It is hugely popular with the many thousands of visitors to Phillip Island.

A long established business of 29 years, with current owner for 9 years. It has built a good reputation.

This restaurant has an elegant casual dining room. It has a very large seating capacity – 40 downstairs, 45 upstairs, 15 on the front deck and 30 in the Beer Garden. Very popular for private functions and small receptions. Fully licensed to 1am.

Open for lunch and dinner for 7 days per week in the summer and 5 days in the winter months. There is huge potential to grow the business by opening for breakfast.

The owner works part time in the restaurant with help from 1 Full time employee and 6 casuals in winter months and up to 15 casuals in the summer time.

Solid takings of $16,000 per week and rent of $4,606 per month with a secure lease of 5x5x5.

An inspection will impress.

For more information and to arrange an inspection contact Chris Panagiotidis or Elle Likopoulos on 03 9566 7300 or email elle@absolutebb.com.au

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    Agent Business Broker – Chris Panagiotidis

    business broker
    • Office : 9566-7300
    • Mobile : 0433-582-533
    • Fax : 9561-4400

    Member of REIV, IBBA, M&A Source Chris Panagiotidis has had an impressive track…
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