Price
$350,000 + SAV
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Gold Coast Region, Gold Coast
Category
Food/Hospitality, Restaurant
Listing #
GC00625
UNDER CONTRACT
This unique business was established in 2015 by the current owner and has been a strong trader with local repeat clientele ever since.
Prime location in a luxury shopping centre, ensuring consistent foot traffic and steady business all year-round.
A unique tapas bar serving lunch, dinner, beer, wine & cocktails and is open till late, 7 days a week.
This tapas bar / restaurant benefits from an affluent clientele spending more per visit. This upscale environment allows for premium pricing, aligning with the expectations of the high-end consumer market.
A modern Australian fine dining experience providing a sophisticated full-service dining option.
Run under full management with a venue manager, head chef and 12 staff makes it a turn key operation as the owner does not work in this business at all.
A good lease is in place with reasonable rental for over 175m2 plus a 25m2 adjacent outside dining area.
Turnover in excess of $1.8 mil breakdown 55% Food 45% Beverage.
Healthy Net profit of approx $350,000 for 2022/23.
First time offered for sale due to new business venture re-investment.
Inspection will impress any hospitality operator wishing to expand on an existing business or venture in a new one.
This business will not last long, as it is realistically priced to sell and meet the market.
Stock value approximately $25,000
For full details contact Baz Sanjakdar.
REF: GC00625
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*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.
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