Business For Sale Ashmore, Queensland 4214
Business Category Restaurant
$1,000,000 + SAV
Restaurant, Bar, Weddings, Gold Coast Iconic Venue
First time on the market in 36 years and owners are sad that their Iconic Business with its History is now available to another generation to carry on the great Goodwill, and still cater for the locals and the International customers.
Well-known restaurant bar & function venue serving the best steak and seafood in the area. - 500 + customers per night.
Huge wine selection. - Large commercial kitchen.
The business includes the Restaurant and a 5 bedroom apartment with 3 ensuites which is attached to the building.
Asking price $1.00 million for 20-year Lease ( 10 + 10 years) Restaurants capacity = 1100 seats.
First time on the market in 36 years.
Prime main road location - Very busy location : 5-bedroom residence attached. - Popular for business and family functions.
2,000 sq. meters.
Parking for 200 + cars.
Rent $350,000.00 pa. + GST or $6,730.00 per week
Low rent @ $175.00 + GST per sq. meter.
Weekly Turnover: under COVID-19 restrictions, income has been as high as $80,000.00 per week.
Situated in the heart of a suburban area of Gold Coast on a busy arterial road.
32,000 cars per day
11.00 a.m. 9.00 p.m.
Lease 10 + 10 years.
New lease is negotiable to suit and option to buy the Freehold - The owner will also give free rent for a specified period.
2 owners + staff - (up to 40 at peak times )
The venue is large enough to operate 3 Restaurants under the same roof and management team, with the capacity to generate an income of $150,000.00 per week or $7.5 million per annum. All could be run out of the central kitchen.
The buyer must consider; a Bar & Bistro: Italian Restaurant: Steak & Seafood Restaurant; Wedding Venue.
Asking Price $1.00 million + SAV for 20-year Lease.
For further information on this opportunity, please contact the undersigned:
Benchmark Business Sales & Valuations
M: XXXXXXXXXX T: XXXXXXXXXX E: XXXXXXXXXX
If you'd like to know more about the business go to our websitewww.benchmarkbusiness.com.auand use the reference: benchmark_74_1066 to search for the business.
Benchmark Business Sales and Valuations
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Business Category: Food and Hospitality, Restaurant, Coffee, Cafe and Restaurant, Bar, Function Venue, Events, Accommodation and Tourism, Function Centre
Listing ID: benchmark_74_1066
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