Iconic Restaurant Located in Regional Central Queensland For SaleListing: #BR01088
About this Business for sale in RockhamptonIconic Restaurant Located in Regional Central Queensland For Sale
An iconic restaurant business located in regional central Queensland is now on the market! This business has a well established reputation as a quality dining venue.
The spacious premises includes an extensive outdoor arbour area which services lucrative cocktail parties and informal events.
Its unique positioning amongst a group of motels, offers an unusual level of security with a ‘walk up start’ of clientele delivered to its door.
Exceptionally short hours trading 6 nights, no lunches.
- YTD SALES from 01/07/20 to 31/05/21 are $ 1,029,000 ex. GST
- The Net profit from 01//07/20 to 31/12/20 is over $127K
- Annual sales for 2020 FY are $ 1,014,632 ex. GST (already exceeded in 2021)
- The net profit for 2020 FY is over $200K
- Closed Sundays, public holidays, Easter and for the Xmas Season
- Limited competition in the area with easy going clientele
- Long secure lease available, with a COVID rent exemption clause
- The post code is eligible for 491 VISA
- Seller is committed to sell due to imminent retirement
- Great investment opportunity and an inspection won’t disappoint.
To receive further details of this business, please complete an online confidentiality agreement at www.linkbusiness.com.au/businesses-for-sale/ca/BR01088
*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.