Restaurant/bar, Under Management For Sale And Only Meters From Surfers Paradise Beach!

Restaurant/Bar, Under Management for sale and only Meters from Surfers Paradise Beach!
Iconic Restaurant/Bar, Owner’s passive income circa $300kpa
Location is critical for the success of any restaurant. This restaurant/bar is in the perfect location, metres from the beach in one of the world’s most iconic holiday destinations – Surfers Paradise.
Operating for over 21yrs this themed restaurant has recently undergone refurbishment offering customers a comfortable and informal atmosphere to enjoy their food and refreshment experience; all while taking in the sights and sounds of the ocean and the tourist precinct.
Average turnover for the past three years is circa $2m pa
Average annual income for the owner of $300k+pa
Completely operating under-management by 10 experienced staff
Indoor seating for 100 with an additional under cover 50 alfresco
P&E is realistically valued at $300k+
Long lease is in place
This is a business that will trade as well in the future as it has in the pasts as it continues to cater for an established and growing market - visitor numbers to the Gold Coast per year is staggering; over 4.15 million overnight domestic visitors, 7m+ day trippers and boosted by international tourists forecast to increase 2.5% yearly.
Equivalent businesses in the same area have sold close to or above $1m.
This is a turnkey opportunity to own a restaurant/bar, in an irreplaceable position, that has the potential to reward a new owner who is prepared to invest their time with exceptional returns.
$745k + SAV
Eamonn Bicknell: XXXXXXXXXX