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Restaurant - Bar - Under Management - Gold Coast Queensland - (Code: TQQ1057)

Under management

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Price: $450,000






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
Misc 1 $405
Misc 2 $4,331
Total Expenses $29,900
Net Profit $10,000
Coffee Kilos P/W 0.0

Estimated Stock

$50,000
(Additional)

Equipment

$500,000
(Included)
All other values
exclude GST
General 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.

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.

Features
Location Location. - Unique style restaurant & bar. - Popular with locals and tourists. -Low rent - Profitable - Run under management - Well established - Efficient operation.

Premises
Very trendy decor updated and clean with new lounges and an area of 125 sq.mts.

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

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.- Suit owner who still wishes to run under management and oversee business with book keeping duties.

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SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXTQQ1057

For more details please call (02) 9439 4403
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