Pedro’s Seafood Bar & Grill


Pedro’s Seafood Bar & Grill

Independent Business Ulverstone 7315, TAS $590,000

INVESTMENT: Business incl Riverfront Buildings $590,000+SAV

Pedro’s Restaurant is a well known Northern Tasmanian quality dining experience. It is the only licensed restaurant in Northern Tasmania directly located on the riverfront. Pedros is an integral part of the vibrant Ulverstone wharf precinct which now includes a waterfront craft brewery.

Catering for seafood connoisseurs and meat lovers alike with all produce sourced locally, including an extensive wine list and licensed bar.

Established and developed by the current owners in 1996 who saw an opportunity for a high end restaurant in the stunning location on Ulverstone’s Leven River.

It is the first time the business and associated riverfront buildings have been offered for sale.

Very long lease with options available provides tenure > 28 years with low rental of $9,000 per annum.

* Consistent sales with repeat patronage
* Sales Revenue nearing $1M
* Excellent profitability – near $5K per week
* Well trained staff enable owners to work part time
* No competing high end seafood restaurant within 100km
* Inside and outside deck options
* Still opportunities for growth
* Unique location; first time offered for sale
* Long lease with tenure > 28 years
* Minimal rental cost
* Owners ready to retire after 25 years in business

All Enquiries treated in the strictest of confidence.
Click the email box and fill in your details, call 0448 887 398 or email chris.mitchell@finnbusinesssales.com.au to obtain a confidentiality agreement and an in-depth information memorandum for this fantastic opportunity.