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Restaurant business for sale in Coolangatta

  • Restaurant
  • Coolangatta QLD 4225
  • $899,000 (GST na)

T2967 - Business For Sale - Restaurant Restaurant Bar Near NSW/QLD border Sales $70kpw Profit $15k pw 100 seats - Lic

Restaurant - Bar - Seafood - Under Management - North Coast NSW
SBX Business Code: T2967
Restaurant and Bar with extraordinary trading for the last 29 years - Specialises in fresh local seafood. - Menu also includes crab soup, lobster bisque, mixed salads, range of meat dishes, pork, chicken. etc. - The name is not being sold, however there is a transition period or the buyer can keep the trading name under licence. - Current figures as shown on profile. - Full state of the art commercial kitchen. - Bar area with undercover seating creating a unique dining experience. - Sensational fit out and presentation.- 100 seats inside

Potential
Current owner has other business interests and new owner could devote more time and effort to further expand business. - Owner operator would save on wages.

Features
One of Australias most awarded restaurants - Great seaside location - Very low rent under 5% of sales - Very well established and current turnover very strong - $1 million dollar fitout - High genuine profits - Business to be sold well under market value.

Premises
Two separate sections with kitchen and bar area and restaurant seating area with total area of approx. 250 sq.mts.

Location
Seaside location amongst large hotels servicing 800 rooms and popular residential area close to Gold Coast .

Trading Hours
4 dinners - Thurs. - Sun. + 2 lunches - Fri. - Sat.

Lease
New long lease to be negotiated - 3 months bond - CPI increases.

Employees
1 owner + 1 full time manager + 2 main chefs + 2 other chefs + 3 kitchen + 10 other staff

Comments
This is one of Australias most profitable businesses operating for almost 30 years with the same owner - 2 capable chefs with a full time manager to continue running the business successfully - Great lifestyle change in one of the countries prime seaside locations very close to the Gold Coast and Byron Bay. - 100% return on investment. - Looking for an experienced operator for landlord approval.
Figures
Weekly Sales $70000
Rent (ex GST) $2284
Wages $24000
Profit $15000

SBX Business Code: T2967

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Business ID2016207339
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Last updated  9 Apr 2020
Map for Coolangatta QLD 4225
Map for Coolangatta QLD 4225Coolangatta QLD 4225
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Business ID2016207339
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  9 Apr 2020
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Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065
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