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: Lease commencing November 2018, 4 years + 4 years - 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 - Council fee of $405 p.w. for alfesco area - Managers stocktake every week. - Staff are all well trained and very experienced.-

Weekly Summary

Weekly Takings
(inc GST)

$57,000

Cost of Goods

$17,100

Gross Profit

$39,900

Rent

$2,619

Wages

$20,650

Outgoings

$430

Telephone

$50

Insurance

$165

Electricity

$750

Gas

$500

Misc1

$405

Misc2

$4,331

Total Expenses

$29,900

Estimated Stock (Additional)

$50,000

Equipment (Included)

$500,000

Net Profit

$10,000

Price

$450,000

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