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Managed restaurant - High profit, differentiated offer, excellent location

$2,100,000

The owner has provided instructions to reduce the price of this business (whilst borders are closed), despite the business continuing to perform at levels most other restaurants could only aspire to.

This local area is world famous and synonymous with the GC popularity. The restaurant itself occupies 264 Sqm of a prestigious and well know building located meters from the shoreline.

The business has developed a well-regarded reputation for its customer service and authenticity, attracting large numbers of both locals and tourists. With a recurring local clientele, limited direct competition and good online footprint, the business has experienced solid growth both in terms of revenue and profitability, even throughout the pandemic, with average weekly revenue for 2020/21 in excess of $75,000.

The business is run under management with minimal input and oversight from the owners. The management team is assisted by experienced and reliable front and back of the house professionals who have contributed to large volumes of goodwill for the business.

 

 

Details

State QLD
Price $2,100,000
Business Type Business
Business ID 9
Category Food/Hospitality, Leisure/Entertainment

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