Restaurant - Bar

Business Code: TTQJ1030


Key Features: Well known

State: QLD

Suburb: Ashmore, 4214

Location: Situated in the heart of a suburban area of Gold Coast on a busy arterial road.

Description

Well known restaurant and bar serving the best steak and seafood in the area. - 500 + customers per night. - Huge wine selection. - Large commercial kitchen. -The business includes a 5 bedroom apartment with 3 ensuites which is attached to the building. - The freehold is also available which includes - 9000sq mtrs of land, 2908 of building, 3 brm house, rent from a convenience store, food takeaway, hairdresser, and a butcher. - Asking price for business and property is $13,000,000 - 1100 seats.

Summary

  • Features: Prime residential area. - Very busy location.- 5 bedroom residence attached. - Popular for business and family functions.

  • Potential: If you owned the freehold it could be turned into a hotel. - The owner has also been approached by a major food chain wanting to build on the back of the site.

  • Premises: This business has an area of 2908 m2,

  • Trading Hours: 7 days - 11 a.m. - 10 p.m.

  • Lease: New lease is negotiable to suit or you can buy freehold - The owner will also give free rent for a specified period.

  • Employees: 2 owners + staff - (up to 40 at peak times )

  • Comments: This is an opportunity to buy a solid long standing successful business that has been making money for 30 years. - After 30 years the owner is ready to sell.

Weekly Summary

Weekly Takings
(inc GST)

$77,000

Rent

$6,000

Estimated Stock (Additional)

$300

Net Profit

$15,000

Price

$3,000,000

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