Highly Profitable Iconic Lifestyle Business
Sale
Two Businesses in One Stunning Location

Two Businesses in One Stunning Location

The two businesses are housed in one large building on Fishermen’s Wharf in Nelson Bay. There are separate entrances for the Fishermen’s Wharf Seafoods retail shop and Bub’s Fish and Chips takeaway.

Ample parking is available for staff and customers on site.

Running a business from here couldn’t be easier or more relaxing! The owners enjoy watching the fishing trawlers coming in daily from the admin office, which boasts glorious panoramic views across the marina and Nelson Bay.

The location directly adjacent to the local Fishermen’s Wharf Co-operative allows for strong relationships with both fishermen and the Co-op. Fishermen prefer to sell directly to Fishermen’s Wharf Seafoods (through the Co-op) instead of sending to Sydney due to higher profit margins.

Spacious Retail Shop

Spacious Retail Shop

Fishermen’s Wharf Seafoods have ample space to prepare and display a wide range of fresh seafood.

They also benefit from having a large freezer to store seafood for peak periods, such as Christmas and Easter. Ample freezer storage capacity is an important element of their business model as it allows the owners to maximise profits according to demand all year round.

Iconic Bub’s Fish and Chips Takeaway

Iconic Bub’s Fish and Chips Takeaway

Bub’s Famous Fish and Chips‘ currently takes up 25% of the gross floor space. It offers seating for over 60 people overlooking the water.

Bub’s is the ‘face’ of the business given the huge brand recognition after winning Best Fish and Chips in NSW for 10 years running. 

Given this and the higher profit margins for cooked seafood, there are several opportunities to reconfigure and add additional seating at Bub’s and therefore increase revenue.

Opportunities to Reconfigure

Opportunities to Reconfigure

There are many opportunities to make this business even more profitable. One of these involves reconfiguring the current use of floor space to increase seating capacity at Bub’s and therefore increase revenue. Bub’s currently produces much higher profit margins than the fresh seafood shop. 

Options include:

  • Enclosing Bub’s existing dining area to allow for undercover seating with marina views.
  • Using the vacant space above Bub’s for additional seating. This would be ideal to bring in customers over the cooler winter months.
Appealing Lease

Appealing Lease

The business is currently leased with very favourable terms from the Fishermen’s Wharf Co-operative. Key features include:

  • rent just 5% of turnover
  • two options, each for a period of five years
  • no market rent reviews
  • annual Consumer Price Index (CPI) reviews
  • one surplus office currently sublet to long-term tenant