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Listing ID: 2483837

Award Winning Café / Restaurant - Winner 2017 & 2016 Australian Good Food Guide, Central Coast, Reader’s Choice Award 'Best Restaurant' - Modern Australian For Sale

The Entrance, Central Coast, NSW, Australia

AU$ 100k to 250k

(Furniture / Fixtures included)

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

FOR SALE ‘ WIWO - $190,000 - Negotiable…..

AWARD WINNING CAFÉ / RESTAURANT - WINNER 2017 & 2016 Australian Good Food Guide, Central Coast, Reader’s Choice Award ‘ Best Restaurant ‘ -Modern Australian [The ONLY winner from The Entrance] If we win again in 2017 -We'll be the 1st '1x Chef's Hat' Restaurant in The Entrance.

Description: A casual, family friendly, excellently located Café / Restaurant, that’s on the popular ‘ Promenade ‘, at The Entrance, NSW. Offering breakfast & lunch 6x days a week & dinner on Fri / Sat nights.

LOCATION ! LOCACTION ! LOCATION !
– THE HARD WORK IS ALL DONE FOR YOU, PURCHASE NOW & BE READY TO TRADE TOMORROW ! Winter, Spring and Summer are all on the way.....
https://www.facebook.com/theoldbank.caferestaurantfunctions/
twitter - The Old Bank ❤@oldbankcaferest / instagram - theoldbank_theentrance

• Located at The Entrance, On The ‘famous’ Promenade – one of the closest holiday beach destinations from Sydney.
• Excellent position opposite -Kids Playgrounds, Memorial Park, & ‘ The Carousel ‘
• Fully renovated, ready for you to go, continuing on with the good track record, & ranking that they have already established.
• Currently listed on TRIPADVISOR within the Top 10, from 70 Rest / Café’s, for The Entrance, NSW and has been in this same position for the last 12 months. During this time we've ranged from between number 3 to number 10.
• Over 1400 likes on Facebook, as well as Twitter & Instagram.
• Very popular, family friendly, well established & well known neighborhood Café / Restaurant
• Catering to Customer's with allergies and special requests. [Gluten Free, Coeliac's, Dairy Free]
• Many regular and return Customers.
• Current Owner’s [CO’] have spent a considerable amount of money to upgrade various pieces of equipment, fittings, fixtures, the interior, exterior & the front façade of the building & in turn have returned it to its former glory by renaming it ‘The Old Bank’ which the building was originally purpose built for in 1930.
• Fully in tact historical bank vault door & door frame are still in operation and can be seen by Customer’s.
• Currently operating 6x days a week for breaky & lunch, & 2x evenings for dinner. Potential to increase sales by doing catering & opening for more evening trade.
• Ample parking in the Council Tower carpark, located at the rear of business, & the surrounding streets.
• Fully equipped & easy to operate kitchen / preparation area
• Appliances have all been upgraded or recently serviced. -A full list of all of the appliances & stock can be supplied.
• Great ambience - Inside & out, Casual outside marquee seating 35 out the front, with another 40 inside, & another 40 in the rear Courtyard. Total seating approx 120.
• More than 15 Kgs of Coffee + 8Kgs of choc per week
• Awesome staff, who are all more than happy to stay on. A strong and solid team has been built here as the Staff are all long term, and this is why they all work like a well oiled machine.
• Located at The Entrance, On The ‘famous’ Promenade – one of the closest holiday beach destinations from Sydney.
• Excellent position opposite -Kids Playgrounds, Memorial Park, & ‘ The Carousel ‘
• One of ONLY a few businesses on The Promenade that has inside seating out of the weather, and we also have the fireplace as well.
• Seating out of the weather in the middle of winter, and somewhere to get warm and keep warm is very important. As we found out last winter !
• POS system -including register and portable tablet. All sales are clearly able to be seen on the computer, this is shown in various formats -daily, weekly, monthly and quarterly.
• Current owner will include the Staff on a 3x month probation trial period in the Contract of Sale. Besides the menu & food, the Staff are what makes this place. We have 2x dedicated All Rounder's who are both fully qualified and trained Barista's, an awesome Cook to assist the Chef, as well as several experienced Wait Floor Staff and a few other Kitchen Staff.
• Organized Staffing structure, processes, procedures & systems are all in place, including a computerized POS system & a hand held mobile tablet device.
• Good lease with acceptable rent for the location + outgoings & 2x car parking spots.
• CO has a full Liquor License in place & all that is required is the Transfer of Licensee. [This can be easily done & current owners are happy to assist.]
• New Lease is due to commence in May 2017 on a 5-year lease with a 5-year option. Landlords would be happy to supply a legal statement of these facts and negotiate the new lease, with new Owner prior to purchase.
• Rent – approximately $900 + GST per week. [Monthly $3850] The Landlords are very approachable, accommodating & helpful.
• Regular Functions & Event bookings for weekends -birthdays, dinners, lunches, celebrations etc... Currently in negotiation with a Wedding Event Planner, so that we can start doing - 'Pop up Weddings and Functions'
• Current Chef is willing to continue in a consultancy type situation if needed.
• This would: INCLUDING -Providing a NEW seasonal menu, weekly special’s, training and mentoring of all Kitchen Staff alternatively you could do this yourself or employ a Chef to do it for you.
• CO is managing all Social media [Facebook, Twitter & Instagram]
• CO to stay on for an initial handover period. Maximum 2 weeks, & are willing to be available for assistance
[conditions apply] for limited support for a period of 12x months.
• The Current Owners are only selling due to some health issues within the family.
• Please contact us if you wish to find out more information or to arrange a time to come and see us.

For any enquiries please call.
Ben Purdue -Commercial Sales & Leasing
Business Broker

Raine & Horne Commercial
Office : (02) 4365 0645 Direct: (02) 4384 9859 M: 0450 719 600 F : (02) 4385 2074
Suite 5, 206 The Entrance Road, Erina NSW 2250
E : ben@rhcoastal.com . www.rhcoastal.com

Property Details

Years Established:

30+

Property Type:

Lease

FF&E:

AU$ 150,000

Inventory Value:

AU$ 5,000

Other Details

Business Location:

On the Promenade, Pedestrian walkway, Opp the Pelican feeding, the kids water park, and the kids playground.

Premise Details:

Cafe / Restaurant, family style

Competition:

We are one of only a couple of businesses that have inside dining, for summer or winter. We are also the only Restaurant at THE ENTRANCE, who has recently won any awards. We are currently listed on trip advisor at no. 8 out of approx 70 restaurants at The Entrance. :) Our nearest neighbour is at 23/70.

Expansion Potential:

Expansion is possible to also open on Wednesday -when we are closed and Thurs evenings and Sunday evenings.

Planning Consent:

n/a

Operation Details

Employees:

10

Trading Hours:

mon, tues, thur: 9am-2pm wed -closed fri: 9am-4pm / 5pm-9pm sat: 8am - 4pm / 5pm - 9pm sun -8am - 4pm

Support & Training:

2 weeks initial 12 months ongoing if needed Can also provide support with menu's etc at an extra cost See add for more details

Miscellaneous

Reason For Selling:

Family reasons, our son has some health issues and we wish to take some time out to spend more time with him.

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