For Sale $3,000,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

QLD

For Sale $3,000,000

Business Details

Restaurant - Bar - Gold Coast - Queensland

\nRestaurant - Bar - Gold Coast - Queensland - Agent SBX Code Number: TQJ1008

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.

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.

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

Premises
This business has an area of 2908 m2,

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

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

Lease
New lease is negotiable to suit or you can buy freehold

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.

Figures
Weekly Sales $77000
Rent (ex GST) $6000
Wages $0
Profit $15000

Agent SBX Code Number: TQJ1008 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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