Price
$180,000 + SAV
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Gold Coast Region, Gold Coast
Category
Food/Hospitality, Restaurant
Listing #
GC00783
Current owner took on a vacant premises and fully refurbished the venue with brand new equipment and fit out.
Opened for trade in March 2021 takeaway only and then restaurant completed and opened in Sept 2021.
Excellent location overlooking the water in an upmarket residential area.
Long lease of 3 + 3 + 3 year terms and $55,000pa rental inclusive of outgoings and GST.
The restaurant has a large kitchen and a separate takeaway section with a separate customer entrance from the road.
The main dining room and private function room is located to the rear facing the waterfront and car park.
Fully licensed with a bar and under covered balcony terrace.
Comfortable surroundings with an exceptional decor makes this venue appealing to local clientele.
Trading only 5 nights a week from Wed to Sun 5pm to 10.30pm, these hours can be expanded due to public demand.
Current turnover $12,000 pw on night trade only.
Fully staffed with chefs and floor staff.
Current owner is not a hospitality operator and wants to move on with other business ventures.
All reasonable offers will be considered as the owner is wanting it sold ASAP.
Inspection will impress any hospitality operator.
Ideal suited to a hospitality husband and wife team or partnership.
Asking Price: $180,000 ONO + SAV
For full details contact Baz Sanjakdar
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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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