FOR SALE
$425,000 + Stock on Hand

Karrikin - 27 Coldstream Street
Yamba NSW 2464

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KARRIKIN RESTAURANT

BUSINESS FOR SALE
Karrikin Yamba was established in November 2018. It is a modern Australian restaurant in the heart of the Yamba CBD that brings the best of the region's local catch, seasonal produce, and foraged delicacies together with a truly artistic and courageous interweaving of style and substance, resulting in a native cuisine experience unlike any other.
Located within one of the last original homes in Coldstream Street, it offers a unique dining experience, with kerbside, indoor, outdoor undercover, and private garden seating. With a total of 52 seats at any time, this number can also be extended weather permitting. Karrikin trades from Thursday to Sunday from 5pm, with a on premise liquor licence from 10am to 10pm. Serving a 4 course set menu for $88pp. These trading times create an ideal work life balance which is sometimes missing when running a restaurant.
Karrikin generally runs with 2 kitchen staff, 3 floor staff, and one dishwasher. This number can increase in the busier months, and decrease in the quieter months.
Majority of the reservations are made through an online reservation system, so staffing becomes easy knowing the number of people you are serving each night. This is also very important with the preparation of the food, as ordering can become very precise and limit food waste, which keeps costs down.
Unlock the true potential of this business by expanding operating hours to include lunch and/or more evening dinner services. Yamba's bustling community and tourist influx offer a lucrative market and financial opportunity for extended dining options.
Sold on a WIWO basis with all equipment unencumbered. New and very favourable 3 x 3 year lease.
Don't miss out on this chance to own a piece of Yamba's culinary legacy. Contact us now to arrange a viewing and explore the endless possibilities that await with this turnkey restaurant/bar.
Financial details are available for serious inquiries only. Confidentiality agreement required for financial disclosures.
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Property Details for Karrikin - 27 Coldstream St, Yamba

Building Type
Commercial

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About Yamba 2464

The size of Yamba is approximately 16.9 square kilometres. It has 31 parks covering nearly 18% of total area. The population of Yamba in 2011 was 6,074 people. By 2016 the population was 6,078 showing a population growth of 0.1% in the area during that time. The predominant age group in Yamba is 60-69 years. Households in Yamba are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Yamba work in a professional occupation. In 2011, 65.1% of the homes in Yamba were owner-occupied compared with 67.4% in 2016.

Yamba has 4,975 properties. Over the last 5 years, Houses in Yamba have seen a 90.68% increase in median value, while Units have seen a 79.83% increase. As at 30 September 2024:

  • The median value for Houses in Yamba is $958,762 while the median value for Units is $736,639.
  • Houses have a median rent of $600 while Units have a median rent of $498.
There are currently 70 properties listed for sale, and 8 properties listed for rent in Yamba on OnTheHouse. According to CoreLogic's data, 225 properties were sold in the past 12 months in Yamba.

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David Lovell
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First National Real Estate Yamba
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