Queensland

Restaurant with Year on Years Sales Growth

For Sale | $380,000

Restaurant

This destination Gold Coast Restaurant is in a great location. It is generating very strong reopening numbers up over 30% per week on last year supported by an increase in local clientele who are spending more per head. The likely explanation being reduced travel overseas by locals mean they are spending more on other experiences including highly rated Restaurants.

Established for over 16 years, this business has proven to be resilient and reliable servicing its strong following of local clientele by adapting its offerings and continuing to be profitable despite current industry wide service restrictions.

The restaurant's high visibility location within a food precinct provides strong passing trade. As well as its unique and popular cuisine, there is plenty of parking, water views and tourist accommodation all of which provide a reason for customers to visit, making it a real destination restaurant.

* Immaculate Fit-out
* Negotiable Lease
* Full Liquor Licence
* Water Views

Plant, equipment, fixtures, and fittings are all included in the sale. The kitchen is large and well maintained whilst the front of house is in A1 condition and presents beautifully. Air conditioning, a fully stocked bar and liquor licence add to the profitability of the business.

An incoming owner would ideally work in the business, however there is long term staff with all staff happy to stay with the business. There is a head chef running the kitchen and is also keen to stay on if needed. The current owners work in the front of house but can be easily replaced as the long-term staff are well known by the regular customers.

The premises have a large footprint of over 200sqm and have been recently renovated with air conditioning and seating for over 85. The landlord is willing to negotiate a new long-term lease to an incoming owner that has proven hospitality experience, or properly capitalised.

Asking Price: $380,000

A Confidentiality Agreement needs to be completed before further information can be disclosed, please complete an online confidentiality agreement at https://linkbusiness.com.au/GC00679 and click on the ENQUIRE NOW button.

For full details contact Troy Potter
Ref: GC00679
Timestamp: 20200919090042

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Troy Potter



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Troy Potter

LINK Gold Coast

Overview

This Restaurant Business is one of 137 businesses for sale in Gold Coast, Queensland, and one of 16 Restaurant Businesses in this region that a business for sale currently has on offer. This Restaurant Business is for sale in Gold Coast for the asking price of $380,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..