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Refer to Broker
Refer to Broker
2014 Net Profit $210,000 – fully managed.
* Established four years in extremely popular location on the Gold Coast
* Operating under full management with loyal staff in place
* Substantial increase over current net profit for owner/operator
* Very popular destination for locals and tourists – seats over 120 people
* Prominent venue for local functions and events
* Extremely strong trading history – increasing every year
* 2014 FY sales exceeding $1m
* Undoubtedly one of the busiest establishments in the area
* 4.5 year lease with 5 + 5 + 5 year options
* Rent is only 11% of annual sales at $10k per month
* Excellent systems and procedures in place
* Fully licensed venue currently trading for breakfast and lunch only
* Fantastic opportunity for new owner to capitalise on evening trade
* This business presents extremely well. Inspection is a must!
Asking Price: $390,000 plus stock.
For full details contact Guy Cooper.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
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