Visit this listing at https://www.sbx.com.au/business?id=TTQE1065

Business Code: TTQE1065

Key Features: No competition. - Two bars

State: QLD

Suburb: Surfers Paradise, 4217

Location: Situated on a busy shopping and dining strip in a popular area in the heart of the Gold Coast.

Description

Bar - Bistro - Restaurant - Takeaway. offering a wide range of American style dining / bistro with burgers, beef & pork ribs, wings, salads, loaded fries, etc. - Also a range of fresh seafood and choices for vegan / vegetarian customers - Full commercial kitchen. - Grease trap, exhaust systems, chest freezers, under bar fridges, stainless steel bench tops, commercial oven, 6 burner grill, 2 walk in cool rooms, full bar eg. beer taps, under bar fridges, soft drink dispensers, deep fryers, plus full kitchen utilities. - Seating 120 overall - 80 inside & 40 outside. - 40% alcohol sales - 60% food sales.

Summary

  • Features: Very well known and renowned for generous portion sizes - Large social media following. - No competition. - 2 largest bars in the area.
  • Potential: A refurbishment to the fit out would make a huge increase in new customers. - More local marketing for event hire & cocktail parties. - Expand trading hours and breakfast menu. - Offer specials for catering to local offices and hotels. - Partner with Deliveroo & Uber eats. - Has huge potential.
  • Premises: This business has an approx. area of 175m2 plus additional storage.
  • Trading Hours: 7 days - Mon. - Sun. - 10:00 a.m. - 9:00 p.m.
  • Lease: 2 year lease + 3 year option expires Oct. 2021 - C.P.I Increases. - 3 month bond.
  • Employees: 1 owner + 1 full timer + 2 casuals.
  • Comments: All equipment owned (The coffee machine & grinder owned by roaster, beer taps & soft drink hoses supplied by suppliers). - Peak trade averages $9,500 - $10,000 per week. - Rent shown above includes outgoings. - Current owner works 50-60 hours per week. - This business needs 2 partners operating the business to maximise profits. - Current owner is looking for a quick sale.

Weekly Summary

Weekly Takings (inc GST)

$9,861

Cost of Goods

$2,150

Gross Profit

$7,711

Rent

$1,532

Wages

$2,284

Outgoings

$860

Telephone

$21

Insurance

$105

Electricity

$547

Misc1

$362

Total Expenses

$5,711

Estimated Stock (Additional)

$5,000

Equipment (Included)

$100,000

Net Profit

$2,000

Price

$60,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Bistro - Restaurant

Business Code: TTQE1065
Price: $60,000

Key Features: No competition. - Two bars

State: QLD

Suburb: Surfers Paradise, 4217

Location: Situated on a busy shopping and dining strip in a popular area in the heart of the Gold Coast.

Description

Bar - Bistro - Restaurant - Takeaway. offering a wide range of American style dining / bistro with burgers, beef & pork ribs, wings, salads, loaded fries, etc. - Also a range of fresh seafood and choices for vegan / vegetarian customers - Full commercial kitchen. - Grease trap, exhaust systems, chest freezers, under bar fridges, stainless steel bench tops, commercial oven, 6 burner grill, 2 walk in cool rooms, full bar eg. beer taps, under bar fridges, soft drink dispensers, deep fryers, plus full kitchen utilities. - Seating 120 overall - 80 inside & 40 outside. - 40% alcohol sales - 60% food sales.

Summary

  • Features: Very well known and renowned for generous portion sizes - Large social media following. - No competition. - 2 largest bars in the area.
  • Potential: A refurbishment to the fit out would make a huge increase in new customers. - More local marketing for event hire & cocktail parties. - Expand trading hours and breakfast menu. - Offer specials for catering to local offices and hotels. - Partner with Deliveroo & Uber eats. - Has huge potential.
  • Premises: This business has an approx. area of 175m2 plus additional storage.
  • Trading Hours: 7 days - Mon. - Sun. - 10:00 a.m. - 9:00 p.m.
  • Lease: 2 year lease + 3 year option expires Oct. 2021 - C.P.I Increases. - 3 month bond.
  • Employees: 1 owner + 1 full timer + 2 casuals.
  • Comments: All equipment owned (The coffee machine & grinder owned by roaster, beer taps & soft drink hoses supplied by suppliers). - Peak trade averages $9,500 - $10,000 per week. - Rent shown above includes outgoings. - Current owner works 50-60 hours per week. - This business needs 2 partners operating the business to maximise profits. - Current owner is looking for a quick sale.

Weekly Summary

Weekly Takings
(inc GST)

$9,861

Cost of Goods

$2,150

Gross Profit

$7,711

Rent (ex GST)

$1,532

Wages

$2,284

Outgoings

$860

Telephone

$21

Insurance

$105

Electricity

$547

Misc1

$362

Total Expenses

$5,711

Estimated Stock (Additional)

$5,000

Equipment (Included)

$100,000

Net Profit

$2,000

Price

$60,000

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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.