If you’ve been waiting for a sign to flex your hospitality skills on a sound business investment, this is it. George’s Restaurant, located in the heart of Apollo Bay, produces mid-six-figure strong returns, and is ready for a new owner who is looking to expand their hospitality portfolio.
It’s no easy feat to become a favourite local restaurant, but George’s has managed to carve itself a unique niche within the dining industry. With a prime location in town and commanding impressive views over the foreshore and beach, it’s little wonder why both locals, holidaymakers and day-trippers love to visit this welcoming restaurant.
Open year-round, George’s Restaurant caters to a large and diverse customer base from Australia and afar, with diners flocking to the largest restaurant of its kind on the iconic Great Ocean Road. We’ve all been there – you’re exploring the great outdoors of Australia but the local cafe is only open from 9-2 – at George’s, they not only trade 7 days a week with comfortable hours that accommodate brunch, lunch, afternoon tea, dinner and beyond. With such a substantial dining capacity, it’s also the go-to destination for large bus and tourist groups heading towards the Twelve Apostles.
The sale of this profitable business also comes with the unique opportunity to purchase the freehold, which includes approved plans for commercial development of the first-floor level. If taken up, this development would provide the future owner with an additional food and drink service area with stunning views of the Bass Strait, Apollo Bay Harbour, and surrounding hills. Additionally, the existing building features two three-bedroom units at the rear, providing more revenue streams and accommodation options for customers who just can’t get enough of the locale.
Reviews of George’s Restaurant include the phrases, “Sensational for every little bite”, and “The best burgers and pizzas around!” With a cleverly-curated menu of comfort foods, fan favourites and something for all ages, the business continues to generate strong returns with it’s current owner-operator model.
Brokering the sale from Finn Business Group is Mark Hall, who sings the praises of the many feature of George’s Restaurant that make it an enticing package. “A central location and stunning views, combined with quality and value for money has made for a winning formula for George’s,” he adds, “They’re able to provide fast, quality service and food prepared with love and appreciation for their customers. When you add in the developments to increase capacity to host events and functions, the opportunities are endless.”
Currently priced at $1.6 million + S.A.V. for the business alone, or $8.230 million + S.A.V. for the business and freehold (including a Council Approved Building Permit & Architectural Plans), George’s Restaurant might just be your change to strike in the hospitality industry, expand your portfolio and acquire a turn-key business that’s primed for growth and long-term sustained success.
Watch George’s Video Tour Series below.
Connect with Mark Hall today to learn more, receive your Market & Business Profile Review, and to have a confidential discussion about your goals.
To discover more business opportunities available around Australia, check out our complete Businesses for Sale page here.
