Fully Equipped / Bar/Cafe / Prime Position
About this business for saleFully Equipped / Bar/Cafe / Prime Position
A sought after location, in prime Gold Coast business precinct, awaits an operator to reap the benefits.
Fantastic fit-out, impressive decor, and fully equipped Kitchen & full Bar, with a seating capacity for approx. 60 people inside and out.
Currently operates as a Tapas bar/cafe trading 6 days for dinner only and 3 days (Fri-Sun) for lunch, no breakfasts any day.
Owners have no input in day to day operations other than admin, as they have 5 other hospitality operations throughout the Gold Coast and Brisbane.
Currently run under full management with a healthy net profit return over $100,000pa to owners.
Financials are available to interested parties, although been marketing as an asset sale with no trading name.
Opportunity to buy at below fit-out cost and start your own business in this popular location.
Cheap rent for the area with good terms on existing lease. Landlord open to negotiations on a new lease, if preferred, with new owner.
Owner wants it sold ASAP and will consider any reasonable offer presented.
Asking Price: $120,000 ONO plus Stock or no Stock
For full details contact Baz Sanjakdar
+61 7 5572 2122
+61 412 488008
*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.