Multi-Award Winning Seafood
A unique opportunity to buy an iconic lifestyle business in beautiful Nelson Bay. No retail seafood experience is necessary as the business is easy to operate using the existing management team.
This business enjoys two profitable income streams from two retail stores:
- Supplies a wide range of beautifully fresh seafood through its wharfside retail shop
- Purchased directly from the fishermen when they offload their catch caught in local waters
- Bub’s Famous Fish and Chips is a multi-award winning takeaway outlet. For 10 years running it won the prestigious ‘Best Fish and Chips in NSW’ award.
- Bub’s enjoys strong brand recognition and it is no wonder everyone walks into the visitors centre and asks for Bub’s!
Enviable Nelson Bay Lifestyle
Nelson Bay is famously known as the ‘Blue Water Paradise’. Locals enjoy a relaxed outdoor lifestyle by the crystal blue waters and benefit from more affordable housing than in major cities.
Tourists flock here from Newcastle and Sydney due to its close proximity, sheltered beaches and boating activities.
The current owners love being able to spend summers in Nelson Bay during the peak season for the business. At other times they are able to commute from Sydney as needed.
Huge Growth Potential
Fishermen’s Wharf Seafoods is already a lucrative business. However there are huge opportunities for growth and increasing revenue even further.
These opportunities include expanding the current floor space and seating area for Bub’s Fish and Chips. This is key, given that Bub’s offers the highest profit margins for the business.
Additional revenue streams may include wholesale opportunities, exporting to high demand countries and the online food sector.
Social media and digital marketing are the ideal platform to further capitalise on Bub’s strong brand recognition for the tourist market.
Iconic Port Stephens Institution
For over 19 years Fishermen’s Wharf Seafoods has been a significant player in the local retail seafood industry.
Bub’s Famous Fish and Chips is one of the top 10 largest fish and chips shops in NSW.
Due to their close proximity, the owners have a strong relationship with both local fishermen and the Co-op. Fishermen prefer to sell direct to Fishermen’s Wharf Seafoods rather than sending to Sydney as they enjoy higher profit margins.
Universal Appeal
The business currently operates profitably ‘under management’ with an experienced team managing both the main income streams on a day to day basis.
The owners were able to take over the business 14 years ago with little retail seafood experience. They have enjoyed making it more profitable and living in Nelson Bay over the peak summer months and public holidays. At other times they can work remotely from Sydney via phone and internet.
Fishermen’s Wharf Seafoods is a business opportunity that would suit experienced owner/operators, family businesses and hands-off investors alike. The business is easy to operate because it is currently profitable under management and could easily continue this way. However, if you decide to be more hands-on, the opportunities are huge.
The current owners have assured us of a smooth transition for the purchaser. This may include two weeks of on-site training and assistance in planning for the summer peak period.
