LINK Business Brokers Australia

About this Business for sale in Hervey Bay

 

 

This popular local Chinese Restaurant located in Hervey Bay is now listed for the first time on the market!

Key Points:
– Over 20 years of successful operation
– Weekly sales is $38,000-$40,000
– Revenue over $1.7M for the 2021 FY and over $2M forecasted for 2022 FY
– Very little impact from COVID-19 due to location
– Rent is only $5k per month with a new long lease available for buyer.
– The premise comes with a 5 bed and 1 bath accommodation. It can be rented out or free use for the staff.
– Full and stable team of staff in place, the business can also be run under management
– Limited competition in the area with loyal repeat customers
– 4.4 stars from over 430 Google Reviews!
– Great location close to the beach with easy parking 
– This business is suitable for investment, couple or family operators.

Owner is keen to sell due to retirement and is considering all serious offers!

For further information please enquire now and complete an online confidentiality agreement at linkbusiness.com.au/BR01160

Business Broker: David Zhang
Ref: BR01160
Mobile: +61 407 468 414
Email: david.zhang@linkbusiness.com.au

LINK Business Brokers Brisbane
7/63 Annerley Rd, Woolloongabba QLD 4102
Ph: (07) 3831 2300

 

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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.

Listing: #BR01160
Profit*: $680,000
Sales Revenue: $2,000,000
Bundaberg & Wide Bay Burnett, Hervey Bay
Food/Hospitality, Restaurant
*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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