Visit this listing at https://www.sbx.com.au/business?id=TQQ1159

Business Code: TQQ1159

Key Features: Popular Function Venue, Cafe & Bar

State: QLD

Suburb: Mermaid Beach, 4218

Location: Great corner location on busy main road, close to the beach in affluent residential area of the Gold Coast.

Description

Cafe & popular function venue & bar - open daily for breakfast & brunch offers healthy options of acai bowls, eggs benedict and avo on toast, gourmet burgers, delicious snacks and healthy salads, -The functions are a huge facet of this business with a popular modern Australian menu of grazing tables, mains and desserts, sophisticated cocktails, craft beers and wines. - Full commercial kitchen, office and ample storage. -Accommodates up to 150 people - 100 inside - 50 seats outside, includes liquor license.

Summary

  • Features: Prime location - Great fitout - Long lease - Renovated May, 2020 - Under management - Highly popular venue for hosting many functions and events, - Top ratings with over 500 positive online reviews, 6700 Facebook likes and reaching over 20,000 Instagram followers, 1.9k mailing list.
  • Potential: An experienced and energetic owner operator can make this already profitable business even more profitable by boosting sales, increasing functions during the week and night trade to utilise the bar, increasing local marketing, cutting management costs and wages.
  • Premises: Freshly refurbished sophisticated beach design with bar & function space and includes office and storage with total area of 267m2.
  • Trading Hours: 7 days - Mon. - Thurs. - 6 a.m. - 3 p.m. - Fri. - Sun. - 6 a.m. - Late
  • Lease: 5 year lease commenced May,2018 + 5 years option - Bond $32,000 - C.P.I. 3 % increases.
  • Employees: 3 fulltimers + 7 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$35,000

Cost of Goods

$11,500

Gross Profit

$23,500

Rent

$1,736

Wages

$10,000

Outgoings

$634

Telephone

$28

Insurance

$145

Electricity

$366

Gas

$247

Misc1

$1,400

Coffee Kilos P/W

25

Total Expenses

$14,556

Estimated Stock (Additional)

$25,000

Equipment (Included)

$350,000

Net Profit

$8,944

Price

$900,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Functions - Cafe - Bar - Under Management

Business Code: TQQ1159
Price: $900,000

Key Features: Popular Function Venue, Cafe & Bar

State: QLD

Suburb: Mermaid Beach, 4218

Location: Great corner location on busy main road, close to the beach in affluent residential area of the Gold Coast.

Description

Cafe & popular function venue & bar - open daily for breakfast & brunch offers healthy options of acai bowls, eggs benedict and avo on toast, gourmet burgers, delicious snacks and healthy salads, -The functions are a huge facet of this business with a popular modern Australian menu of grazing tables, mains and desserts, sophisticated cocktails, craft beers and wines. - Full commercial kitchen, office and ample storage. -Accommodates up to 150 people - 100 inside - 50 seats outside, includes liquor license.

Summary

  • Features: Prime location - Great fitout - Long lease - Renovated May, 2020 - Under management - Highly popular venue for hosting many functions and events, - Top ratings with over 500 positive online reviews, 6700 Facebook likes and reaching over 20,000 Instagram followers, 1.9k mailing list.
  • Potential: An experienced and energetic owner operator can make this already profitable business even more profitable by boosting sales, increasing functions during the week and night trade to utilise the bar, increasing local marketing, cutting management costs and wages.
  • Premises: Freshly refurbished sophisticated beach design with bar & function space and includes office and storage with total area of 267m2.
  • Trading Hours: 7 days - Mon. - Thurs. - 6 a.m. - 3 p.m. - Fri. - Sun. - 6 a.m. - Late
  • Lease: 5 year lease commenced May,2018 + 5 years option - Bond $32,000 - C.P.I. 3 % increases.
  • Employees: 3 fulltimers + 7 casuals
  • Sale Reason: New ventures
  • Comments: A rare opportunity to own one of the finest and most successful function venues on the Gold Coast. - Under management. -A local favourite with a reputation for social gatherings from baby showers, birthday parties to engagements and weddings. - Up to date financials with very efficient operational systems in place. - Misc. -1 - other expenses. - Figures available after completing 2 page confidentiality agreement.

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)

$35,000

Cost of Goods

$11,500

Gross Profit

$23,500

Rent (ex GST)

$1,736

Wages

$10,000

Outgoings

$634

Telephone

$28

Insurance

$145

Electricity

$366

Gas

$247

Misc1

$1,400

Coffee Kilos P/W

25

Total Expenses

$14,556

Estimated Stock (Additional)

$25,000

Equipment (Included)

$350,000

Net Profit

$8,944

Price

$900,000

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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.