Price
$595,000 + SAV
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Queensland, Gold Coast Region
Category
Food/Hospitality, Restaurant
Listing #
GC00586
This unique restaurant has built a tradition in providing an intimate dining experience with breath-taking waterfront views.
Although known for its authentic Italian food, there is room for a new owner to add their personal touch or just keep running the business under the existing successful formula.
* Long term Lease on offer with cheap rent
* Management Team in place
* Huge Bar, Function area & Liquor Licence
* Capacity for 186 indoor + 110 outdoor decks
The large space is luxuriously appointed with high quality furniture and fittings with a fully equipped kitchen that would cater to any cuisine.
This business would suit a chef or restaurant operator that can not only handle the current busy trade but one who has ideas to increase the patronage and functions to better utilise the large spaces, and the outdoor decks.
Currently trading only 5 nights pw Tuesday to Sunday from 5pm and lunch on Sunday from 12 noon to 3pm.
Current trading figures show a net profit of over $400,000 pa to an owner/operator.
Financial statement will impress all lending institutions.
Call me now for a confidential chat and to organise an inspection.
Asking Price: $595,000 + SAV
A Confidentiality Agreement needs to be completed before further information can be disclosed, please complete an online confidentiality agreement at https://linkbusiness.com.au/GC00586 and click on the ENQUIRE NOW button.
For full details contact Baz Sanjakdar
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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