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      Food, Beverage & Hospitality business for sale in Surfers Paradise

      • Food, Beverage & Hospitality
      • Surfers Paradise QLD 4217
      • $200,000.00 WIWO Negotiable

      Themed Restaurant For Sale in Central Surfers Paradise in Queensland

      Themed Restaurant For Sale
      Central Surfers Paradise, QLD

      Seating capacity for 300 patrons on three levels

      Sales $1.66 million per year.

      15 years + at the same location in Cavill Ave.

      Listed only $200,000 WIWO (Negotiable)

      This business is a Gold Coast Icon, and it has sustained for over 40 years because of three basics:

      Easy front and back of house procedures
      Volume operations with Asian Groups
      Huge profit margins

      This restaurant is ideal for an operator with passion & vision as it is setup for all sorts of special occasions, including business meetings, mini conferences, seminars, cocktail parties, product launches, weddings & whatever functions you may wish to offer.

      And you can have all of these events happening at the same time, as the multi – level facility provides so many private areas to hold different functions.

      The location is perfectly situated for optimal convenience to a variety of festivals and events hosted along Cavill Avenue and the famous Beachfront of Surfers Paradise.

      Income is derived from several sources, including:

      Meals and casual dining
      Functions and private parties
      Regular daily Japanese & Chinese tourist groups

      Margins are abnormally high due to:

      Classic basic menu which offers very high profit margins
      Bulk buying discounts
      Ease of meal preparation which does not require highly skilled chefs

      The business is doing $32,000.00 per week which can be built on, as the venue is so underutilised considering its capacity.

      There are bars on all three levels with draft international beers and an extensive wine list. There are over 40 Speciality beers available, so this venue has nearly more choice your local pub!

      Other Key Points Include:

      Open 7 days Lunch from 11.30 am – 2.30pm. Dinner from 5.30pm to 9.00pm
      New Lease of 10 years available (to be finalised)
      Staff Numbers = 2 Chefs and 1 Manager (Permanent) + 12 Casuals
      Sales $1,663,590.00 pa.
      Net Profit $160,000.00 pa.
      Demonstrable upside

      List Price $200,000 WIWO (Negotiable)

      Seeking Enquires from only Qualified and Genuine Buyers.

      Please contact the Exclusive Broker for more information on this themed restaurant for sale in Surfers Paradise

      Bruce Rylance on 0418 396 910

      Benchmark Business Sales & Valuations

      Business Highlights

      Business ID

      2014522254

      Last updated

      23 Jul 2018

      Category

      Food, Beverage & Hospitality, Restaurant

      Map for Surfers Paradise QLD 4217

      104/20 Bermuda Place, Lake Orr Drive Varsity Lakes QLD 4227

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