Link Business

Urgent Sale / Iconic Restaurant / Bar / Function Centre

$495,000 plus stock Gold CoastListing: #GC00268

About this business for sale

Urgent Sale / Iconic Restaurant / Bar / Function Centre

Outstanding fit out with a lavish and modern setting, in a sought-after location.

State of the art Kitchen fully equipped, with a beautifully designed island bar as a centre piece of the room.

Well established business hub in a prestige residential area catering to a regular local clientele for over 2.5 years in operation, and growing weekly.

Open for lunch and dinner only, 6 days per week, with an average t/o of $30,000 pw.

Run under full management and showing a net profit of over $255,000 per year (over 3 year average) consistently to owner. Owner operator will make more $$$.

Long lease to 2025 plus 2 x 5 year options, cheap rent for 250m2 with seating capacity of over 150 people inside and outside.

Inspection will impress any hospitality operator.    Avoid disappointment and call now for full details.

Priced to sell today:   $495,000 plus stock

Baz Sanjakdar

0412488008

Gold Coast
baz.sanjakdar@linkbusiness.com.au
+61 7 5572 2122
+61 412 488008

Baz Sanjakdar

*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.