Price
$250,000 (Neg.) plus stock
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Queensland, Gold Coast Region
Category
Food/Hospitality
Listing #
11670
This established Outback Jack’s steak, ribs and burger restaurant has been established on the Gold Coast since 2007.
The setting is second to none looking over the waterways of the Gold Coast with great free exposure to passing vehicles & the future light rail traffic as they pass over the Nerang River.
Specialising in steaks, burgers, seafood and other iconic Aussie dishes it’s the perfect night out for the family.
The Restaurant comprises of a fantastic al fresco area on the water, excellent bar with plenty of room to drink along with a separate kids entertainment room.
The Restaurant operates for dinner seven nights a week and lunch on weekends.
Currently run under full management but with additional profits to be made as an owner/operator.
Turnover is in excess of $1m pa and showing a net of $120k plus.
Attractive rent & lease terms available of 5+5 with optional sea bed lease.
Seats approximately 200 people right down to the water’s edge.
It has a great reputation, attracting not only the tourist trade, but has a large number of loyal return customers from it’s existing database.
Fully fitted out, all plant & equipment is included as part of the sale – with nothing further to spend!
Comprehensive business handover on offer to ensure an effective management transition, and the best start possible!
This is a great opportunity to get in at the right price for this iconic restaurant chain!
For full details contact Guy Cooper on the above number.
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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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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