Visit this listing at https://www.sbx.com.au/business?id=T2967

Business Code: T2967

Key Features: Restaurant Bar - Near NSW / QLD border - Sales $70k. pw - Profit $15k. pw

State: QLD

Suburb: Coolangatta, 4225

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

Description

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

Summary

  • Features: One of Australia's 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.
  • Potential: Current owner has other business interests and new owner could devote more time and effort to further expand business.
  • Premises: Two separate sections with kitchen and bar area and restaurant seating area with total area of approx. 250 sq.mts.
  • 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:

Weekly Summary

Weekly Takings (inc GST)

$70,000

Cost of Goods

$17,500

Gross Profit

$52,500

Rent

$2,284

Wages

$24,000

Misc1

$11,216

Total Expenses

$37,500

Estimated Stock (Additional)

$35,000

Net Profit

$15,000

Price

$899,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bar

Business Code: T2967
Price: $899,000

Key Features: Restaurant Bar - Near NSW / QLD border - Sales $70k. pw - Profit $15k. pw

State: QLD

Suburb: Coolangatta, 4225

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

Description

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

Summary

  • Features: One of Australia's 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.
  • Potential: Current owner has other business interests and new owner could devote more time and effort to further expand business.
  • Premises: Two separate sections with kitchen and bar area and restaurant seating area with total area of approx. 250 sq.mts.
  • 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
  • Sale Reason: After 30 years wants a change. - very keen vendor.
  • Comments: This is one of Australia's 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.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$70,000

Cost of Goods

$17,500

Gross Profit

$52,500

Rent (ex GST)

$2,284

Wages

$24,000

Misc1

$11,216

Total Expenses

$37,500

Estimated Stock (Additional)

$35,000

Net Profit

$15,000

Price

$899,000

 Print

Enquire about this listing



The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.