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
- Last Updated January 2015
- 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
