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Restaurant business for sale in QLD

  • Restaurant
  • QLD
  • $450,000 + SAV

Profitable Managed Mexican restaurant, liquor license, busy location Central Gold Coast ROI = 71%

Young entrepreneurs don't miss this great opportunity to take over this well-known Gold Coast Mexican restaurant, business established for over 8 years.

About the Business:

- Absentee owner is ready to travel overseas after many successfully & profitable years.

- There is plenty of room & equipment capacity to expand its on-going catering business to many of locals on the Coast.

- All to go take out deliveries, are done by Uber Eats & others.

Dont miss you chance to own one of the most popular food concepts around, get in, do a little marketing and this place will be a gold mine.

Key Points:

- Lease: Expires in November 2027 = 8 years in Total. The Sale can be subject to further options from the Landlord..

- Location: Prime Gold Coast Highway Exposure , Central Gold Coast.

- Total Monthly Rent: $1,630.00 per week includes GST and all out goings. Area 185.8 sq. Metres.

- Admin Office and dry store included in rent above.

- Liquor License: Bar + Function Area. Seating = 90 in restaurant + 32 in Bar + 60 standing for Functions.

- TripAdvisor Rating: 4 which is an Excellence Award.

- No Franchise fees, you keep the full profit

- Full-Time Employees: Management Staff; Restaurant Manager, Head Chef, Bar Manager, Assistance Manager.

- Casual Staff = 10 * Full- Part Time = 4

- Hours Open 7 days: Dinner 5.00 pm. until 11.00 pm or late if having Functions. Option for Lunchtime trade in Summer.

- Reason for selling: Owner going overseas & needs to focus on his other business interests, now that the Restaurant is running under management.

Business Highlights:

- Very easy to operate full training provided.

- Excellent Social Media.

- Only open for dinner.

- High traffic/turnover centre for Tourist & Locals

- Plenty of Parking.

- Low cost of occupancy @ 5% in Prime Location

- Very popular food concept

- Located on busy thoroughfare. Plus 150 apartments close by, to be completed in 3 months.

Will Trial at $30,000.00 per week.

2019 Figures under management Net Profit $320,043.00

Rent @ 5% of Gross Sales.

Wages @ 38%

Brokers Comments; Exceptional Business considering only open one shift per day. Would also suit an owner operator.

List Price $ 450,000.00 + SAV

For further information on this opportunity, please contact the undersigned:

Bruce Rylance

Business Broker

Benchmark Business Sales and Valuations

M: 0418 396 910 T: 1300 366 521 E: bruce.r@benchmarkbusiness.com.au

If you like to know more about the Business complete our online confidentiality agreement here: https://benchmarkbusiness.com.au/ca-form-3352

or go to www.benchmarkbusiness.com.au and use the reference number #3352 to search for the business.

Benchmark Business Sales and Valuations

The business images shown are for illustration purposes only and may not be an exact representation of the business.

Business Category: Food and Hospitality, Restaurant, Coffee, Cafe and Restaurant

Property Code: 3352

Business Highlights

Business ID2015829738
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Last updated  13 May 2020
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104/20 Bermuda Place, Lake Orr Drive Varsity Lakes QLD 4227
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