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Restaurant - Bar - Under Management - Under management

Business for Sale
Restaurant - Bar - Under Management - Under management
QLD

Restaurant - 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 p...

Price $650,000.00

Restaurant - Bar - Under Management - Under management

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Restaurant - 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

3 yrs left end of September. - option available and landlord 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 $800,000 and would be prepared to take $400,000 upfront with weekly payments of $4150 for 2 years 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.



Agent SBX Code Number: TQQ1057 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 142204
SBX ID: TQQ1057




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