Business For Sale: Modern cafe bar situated in coastal town along the Wild Atlantic Way.
Go For Brokers are delighted to list this unique turnkey opportunity.
Great opportunity for someone living nearby or looking to relocate.
Asking: Negotiable - (includes fixtures, fittings and related additional eCommerce turnkey start-up business).
Turnkey refurbished restaurant in a great waterfront location. Situated in an historic old mill in Kinvara, Co.Galway on the Wild Atlantic Way. [Update: The owners, for genuine family reasons, have closed in late Aug '22 (business was performing well up until this date). They are open to negotiation on key money / price.]
Extremely favourable rent: just €13,000 p.a. Rates: just over €1,000. Probably one of the lowest rents in Ireland!
Characterful modern fitted out interior. Equipment, Fixtures & Fittings included as part of the sale. All equipment is less than 2 years old, is energy efficient, and no gas is used (no Gas bills). The menu was developed by a Consultant Chef so anyone can prepare the dishes and some elements that do require cooking such as steaks are actually cooked on the stone so less cooking time in the oven. The Government in Budget 2022 will also also cover 40% of any electricity cost increase. The low rent alone can off-set any increases in the one Utility cost (electricity).
The business currently opens just 4 days per week. A new owner could easily trade 6 - 7 days per week.
Turnover: Jan - June ‘22: €97,000 (projected turnover for the whole of 2022: €225k+). This projected turnover is based on opening 4 days per week (up until April ‘22 the business just opened just 3 days of the week.
A significant revenue source could be generated from an ecommerce opportunity related to food - owner is happy to discuss with a buyer the previous trials to date, and share details on the eStore which is ready for launch.
A new owner, without making any changes or launching the eStore, could expect to pay themselves a €50,000+ salary (based on current figures / salary paid).
Stock: €8,500 (available separately).
Reason For Sale: the owners are starting a family. One owner is returning to their previous career (non food).
The restaurant has built-up a great reputation for quality food and friendly service which is reflected with positive online reviews.
For more information (Information Memorandum) please get in touch with Go For Brokers via the link.
Photo for illustrative purposes only. Actual photos available within the Information Memorandum.