Visit this listing at https://www.sbx.com.au/business?id=TQQ1057

Business Code: TQQ1057

Key Features: Under management

State: QLD

Suburb: Surfers Paradise, 4218

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

Description

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 TV's, security cameras, lounge and table seating 150.

Summary

  • Features: Location Location. - Unique style restaurant & bar. - Popular with locals and tourists. -Low rent - Profitable - Run under management - Well established - Efficient operation.
  • 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.
  • Premises: Very trendy decor updated and clean with new lounges and an area of 125 sq.mts.
  • 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.-

Weekly Summary

Weekly Takings (inc GST)

$47,000

Cost of Goods

$14,760

Gross Profit

$32,240

Rent

$3,624

Wages

$15,416

Insurance

$183

Electricity

$1,276

Gas

$1,276

Misc1

$947

Misc2

$2,766

Total Expenses

$25,488

Estimated Stock (Additional)

$50,000

Equipment (Included)

$500,000

Net Profit

$6,752

Price

$350,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bar - Under Management

Business Code: TQQ1057

Key Features: Under management

State: QLD

Suburb: Surfers Paradise, 4218

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

Description

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 TV's, security cameras, lounge and table seating 150.

Summary

  • Features: Location Location. - Unique style restaurant & bar. - Popular with locals and tourists. -Low rent - Profitable - Run under management - Well established - Efficient operation.
  • 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.
  • Premises: Very trendy decor updated and clean with new lounges and an area of 125 sq.mts.
  • 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.-

Weekly Summary

Weekly Takings
(inc GST)

$47,000

Cost of Goods

$14,760

Gross Profit

$32,240

Rent

$3,624

Wages

$15,416

Insurance

$183

Electricity

$1,276

Gas

$1,276

Misc1

$947

Misc2

$2,766

Total Expenses

$25,488

Estimated Stock (Additional)

$50,000

Equipment (Included)

$500,000

Net Profit

$6,752

Price

$350,000

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