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Restaurant business for sale in Surfers Paradise

  • Restaurant
  • Surfers Paradise QLD 4217
  • $350,000 (GST na)

TQQ1057 - Business For Sale - Restaurant Restaurant - Bar - Surfers Paradise Location - Sales $47,000 p.w. - Profit $6,752 p.w

Restaurant - Bar - Under Management - Gold Coast
SBX Business Code: TQQ1057
Restaurant under management which by day offers a delicious breakfast menu and lunch menu, with pancakes, steak, seafood, banquets and share platters, coffee and cakes. - By night the restaurant offers an extensive dinner menu and open bar with large range of cocktails, fully licensed, full commercial kitchen, state of art POS with systems in place, 3 plasma TVs, security cameras, lounge and table seating 150.

Potential
Strong social media following. - Premises ideal for functions and parties. - More catering for surrounding businesses and events on beach. - Summer is hugely profitable - Two owner operators would save on management wages.

Features
Location Location. - Unique style restaurant & bar. - Popular with locals and tourists. -Low rent - Profitable - Run under management - Well established - Efficient operation.

Premises
Very trendy decor updated and clean with new lounges and an area of 125 sq.mts.

Location
Situated in heart of nightclub district in very popular and well known street close to beach and high-rise accommodation.

Trading Hours
7 days - 8 a.m. - 12 p.m. - Thurs. - Fri. - Sat. - 1 a.m. close

Lease
4 + 4 year lease commenced Nov. 2018 - Annual CPI increase 4% with a review to market at options.

Employees
1 Manager full time + head Chef full-time + Sous Chef part-time + 3 cooks casual + 20 casuals

Comments
Miscell. 1 - Other expenses - Miscell. 2 - Contractors $2766 p.w. - Managers stocktake every week. - Staff are all well trained and very experienced.- Suit owner who still wishes to run under management and oversee business with book keeping duties.
Figures
Weekly Sales $47000
Rent (ex GST) $3624
Wages $15416
Profit $6752

SBX Business Code: TQQ1057

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2014924811
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Category
Last updated  16 May 2019
Map for Surfers Paradise QLD 4217
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Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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