The Waterhouse Jervis Bay
The Location
The restaurant is located in Huskisson a major tourist town in NSW in the city of Shoalhaven, on the shores of Jervis
Bay. It is 24 km south-east of Nowra and 184 km from Sydney CBD.
The seaside village offers the best access to the vast blue playground of the Jervis Bay Marine Park and is a natural magnet for fans of water sports and classic Australian beach holidays. Visitors come to town to enjoy fishing, diving, snorkelling and sailing and to enjoy the pristine crystal blue waters and well protected white beaches. Migrating whales are also a major drawcard of the area along with the only mainland colony of fur seals.
The Business
The Waterhouse Jervis Bay started trading in October 2012 and is now in its third financial year of trading. Turnover has continued to build up passing $700k by end of financial year 13/14. It is currently operating 5 days a week (Wednesday to Sunday) for casual dinner and drinks, with live entertainment on Sunday night.
The opportunity exists for an energetic and experienced operator to trade 7 days and to open for breakfast and lunch as the business is well supported by the locals and there is limited competition in town for the quality of food and atmosphere this establishment offers.
The restaurant presents very well with high quality fit-out and a functional layout design. It has a large covered deck fronting the street and a lovely deck and courtyard towards the back giving patrons ample outdoor choice. The internal space is warm and modern with large windows, floorboards, an open fireplace and a striking and inviting long bar. The good size kitchen and its storage room are in the middle, separating the internal space into two distinct internal dinning areas. There are disabled and male and female amenities as well as a small office. There is ample off street parking for patrons and a double garage for the owners, accessed from the back lane.
The restaurant is fully licenced and has seating capacity for 110 patrons
The lease started in 2012 and expires in 2020 (8 more years left to run) with an option coming up in 2015. The rent is currently at a very reasonable 11% of turnover.
The business employs 4 full time staff including 2 chefs and numerous casual staff.
The Transaction
The leasehold is priced to sell with the current owners committed already to another business outside of the hospitality industry. An appropriate handover period will be negotiated with the right buyer. Contact us for further information (inspections are strictly by appointment).
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