Food/Hospitality Business for Sale in QLD Photo 1
Restaurant for sale in Brisbane City, QLD
For Sale $650,000

Restaurant for sale in QLD

Food/Hospitality
QLD
For Sale $650,000

Business Details

Restaurant - Bar - Under Management - Gold Coast Queensland

\nRestaurant - Bar - Under Management - Gold Coast Queensland - Agent SBX Code Number: TQQ1057

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 TVs, 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
Landlord will provide new lease for approved buyer and will include new terms.

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.- Vendor has just reduced this business to $650,000 and would be prepared to take $400,000 + SAV upfront with remainder weekly payments of $4000 for 1 year provided there is a smooth sale. - Suit owner / operators with energetic vibe to continue growth of this successful business. - Also suit owner who still wishes to run under management and oversee business with book keeping duties.

Figures
Weekly Sales $57000
Rent (ex GST) $2619
Wages $20650
Profit $10000

Agent SBX Code Number: TQQ1057 - SBX Business Brokers

  • Last Updated June 2018
  • Business Category Food/Hospitality
  • Business Sub Category Restaurant
  • Expenses $29900
  • Business Selling Price $650000
  • Trading Hours 7 days - 8 a.m. - 12 p.m. - Thurs. - Fri. - Sat. - 1 a.m. close
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065
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