Main > For Sale > Businesses > Western Australia
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Listing No. 12386
Boatshed Reastaurant
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Boatshed Restaurant
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| Suburb |
Geraldton
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Address |
| 359 Marine Terrace
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| Geraldton,
WA |
| 6530 |
| Australia
| Map |
| Asking |
$ 960,000.00 |
| Beds: |
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| Baths: |
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| Cars: |
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| Age: |
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| Type: |
Business |
| Transaction: |
For Sale |
| Listing: |
Private Sale |
Description
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Boatshed Restaurant...
BOATSHED RESTAURANT
DESCRIPTION:
Recognised as one of Geraldton’s most popular Restaurants for the quality of the seafood on the a la’ carte menu and also for the ambience of the beautifully presented dining areas.
The building is a large old building that has been beautifully restored making use of very high ceilings, ornate passageway, polished timber floors and sea theme décor.
There are four separate dining areas:
The Main room 40 seats
The Green room 16 seats
The Blue room 20 seats
The Alfresco 40 seats
Licensed for 100 diners.
The entrance area opens onto a cosy bar then leads through the building to a modern well equipped kitchen that will please the best Chef. The ladies and Gents toilets are modern and well presented plus all of the 1075 m2 block outside the building area is paved with heavy driveway pavers.
The Restaurant currently opens 6 days per week from 6pm until late so the opportunity exists to trade longer hours to make use of the busy location and future growth of the area.
Next door a million dollar medical centre is nearing completion, around the corner a new group of housing development is pre sold and there are proposals for a new shopping centre.
The West End were the Boatshed is located is a hive of industry for mining, shipping, fishing and a list of commercial businesses.
TRADING HOURS:
6 days per week from 6pm until late.
STAFF:
1 x prop chef No wages in cash flow
1 x prop (wife) 25 hours per week in cash flow
1 x assistant chef $30,500 per annum
1 x apprentice chef $12,626 per annum
6 –7 casuals (145 hours per week x $17) $128,180 per annum
Superannuation $6221 per annum
FREEHOLD:
359 Marine Terrace
Lot 50
Volume 2154 Folio 650
1075m2
SALES:
For tax purposes sales for 2006 were $689,123 with a declared net profit of $87,757.
The cash flow budget gives an indication of the profit of this business.
SALE PRICE:
FREEHOLD: $600,000
BUSINESS:
GOODWILL: $223,600
PLANT & EQUIPMENT: $129,400
STOCK: $ 7,000
SUB TOTAL: $360,000
The total asking price is $960,000 and is subject to GST with the Margin Scheme being an option or the price will be plus full GST.
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Presented By
Boatshed Reastaurant |
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| Posted by: |
canice
on Jun 22, 2007 |
| Phone: |
(08) 9921-5500 |
| Mobile: |
(04) 1141-9654 |
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all: |
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