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Posted 25/03/2020 in Food and Beverage by ABBA Group

Fish & Chips – Terrigal. Best & busiest position on the strip. | ID: 890

Terrigal NSW 2260, Australia
$499,000.00 Fast Casual / Business For Sale
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Key Features: If you like to know more about the Business please complete our online confidentiality agreement here: https://www.abbabusinesssales.com.au/ca-form-890. or visit our website abbabusinesssales.com.au

Revenue

$1,200,000 pa

Rent

$131,000 pa

Net Profit

$354,000 pa

Potential
* Potential to build on catering clients using brand’s existing reputation and the abundance of nearby businesses.
* Benefit from growing trade from large residential developments nearby.
* Menu could support variations eg sushi and sashimi to complement current offerings.
* Potential to build on Uber Eats demand that is already gaining popularity.
* Opportunity for savvy marketer to ramp up promotions to increase venue profile eg local advertising, social media, brochure drops etc.


Reason for Sale

Retirement

About the Business

Key Features:

- Reputable Fish & Chips / Seafood retailer, serving a quality range of fresh and cooked Seafood, delicious grilled fish, burgers, salads and coffee.

- Weekly sales to $40K in Summer.

- Superb location, great exposure to pedestrian foot traffic. Seating for 60.

- Large and modern fit-out, appealing refrigerated glass-enclosed display cabinetry.

- Extensive equipment list featuring new fryers, new tables and chairs and new display.

- Strong reputation attained from owner’s passion, skill and commitment to good quality food.

- Generous 5 + 5 lease term to Feb 2029 with modest rent.

- Outstanding feedback from online review platforms.

- Well-established, busy and profitable business. Fully equipped with genuine growth/value-add opportunities.

- Currently operating 7 days 7:00am- 8:30/9pm.

If you like to know more about the Business please complete our online confidentiality agreement here: https://www.abbabusinesssales.com.au/ca-forms/ca-form-890

or visit our Website www.abbabusinesssales.com.au and use the reference #890 to search for the business.

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Posted By

ABBA Group

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Business Broker
Member since 02/03/2020

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Listing Details

  • Asking Price
  • $499,000.00
  • Price Comments
  • Contact Broker
  • Status
  • Business For Sale
  • Business Type
  • Fast Casual