Iconic Restaurant Fully Managed In Harbour Town, Gold Coast, Turnover $4.0 Million Pa.

Business Sold Biggera Waters, Queensland 4216

Business Category Restaurant

SOLD

Description

Iconic Restaurant Fully Managed In Harbour Town, Gold Coast, Turnover $4.0 Million Pa.

Established for 14 years and first time on the market. Price $800,000.00 +SAV





In the Best Location & Its time to Eat Better & Drink Happy! Seating for 240.

This has always been one of the Coasts favourite family restaurants. And its

Currently riding a wave of increased popularity due to the new food court and a $1.1 million dollar refurbishment.

This famous family restaurant, has the highest turnover in the Food Court & is popular with Holiday makers, Locals & Shoppers.

The shopping centre is surrounded by residential and holiday apartments.

All point to an increasing number of potential customers.

And yet the 7 year lease costs only 8 % of turnover. Cheap for the Prime Location in Harbour Town.

Area = 400 sq. metres.

Apart from the size & the appeal of its location, just look at some of its other

Features:

A reputation for the best family restaurant on the Gold Coast; in the new $25.0 million HARBOUR EATS

Operates 7 days each week;

Closed by 9.00pm.

Customer count: up to 4,500 per week.

Dine in or take away. Fully Licenced.

Would suit a couple, a family or anyone with a hospitality

Background looking to add this business to their portfolio.

Sales of $80,000.00 per week. Vendor happy to Trial the business to confirm takings.

This is a recession-proof business.

Full Financials provided by the Vendor.

Management & Supervisory staff in place. Owner is not working in this business, as he has other interests.

Restaurant Quality at Takeaway Priceswith Uber sales increasing daily.

The current owner has made a great success of this business for

the past 14 years, consistently serving high quality steak, seafood and pasta dishes.

But its time for the owner to hang up, and move in another direction.



PRICE $800,000.00 + SAV.

Inspection recommended ASAP.



Further details contact the senior F&B Gold Coast Broker ; Bruce Rylance on XXXXXXXXXX .



Benchmark Sales and Valuations

Property Code: 1077
Contact Seller

Bsale ID: 541981
Broker REF: benchmark_74_654

Benchmark Business Sales and Valuations

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