Link Business

Beach Front Restaurant & Bar

Listing: #GC00626

Baz Sanjakdar

Broker | Gold Coast

Baz Sanjakdar

baz.sanjakdar@linkbusiness.com.au

+61 7 5572 2122

+61 412 488008


About this Business for sale in Gold Coast

Beach Front Restaurant & Bar

* Well established venue with repeat clientele
* No expense spared on fit-out and setup over $1,000,000 spent
* Hugh commercial kitchen to cater for seating capacity of over 250 people
* Larger outdoor undercover beach front dining area with a well-placed functional bar and private/casual bar room
* Bar manager, head chef and other competent staff in place to handle operation on a daily basis
* Trading 5 days per week from 4 pm till midnight
* Average Turnover $37,000 per week with a healthy net return after all expenses
* Long lease in place with 9 years of options with reasonable rental for 350sqm
* Current owners have another business and the owners have decided to sell
* Priced well below replacement cost of fit-out

Asking Price: $600,000 + SAV

A Confidentiality Agreement needs to be completed before further information can be disclosed, please complete an online confidentiality agreement at https://linkbusiness.com.au/GC00626 and click on the ENQUIRE NOW button.

For full details contact Baz Sanjakdar

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

Baz Sanjakdar

Enquire Now

*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.