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Managed restaurant - High profit, differentiated offer, excellent location

Reduced to $1,700,000

This restaurant is truly a 'one of a kind' on the Gold Coast. This differentiated offer, high foot traffic location, standout ratings on numerous social platforms, uncomplicated yet high margin menu are just some of the key points of note. 

• Current average weekly revenue of +$95,000 

• Highly impressive EBITDA

• Performed impressively throughout COVID

• Managed operation with FOH and BOH Managers in place

• Stella ratings across Social Media and Experience Rating platforms

• Fully licenced

• Local and tourist favourite

• Unique GC experience

• Central GC location with high pedestrian traffic from locals and tourists.

• Long lease in place with one further option of 10 years

 

 

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 FY 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 Reduced to $1,700,000
Business Type Business
Business ID 9
Category Food/Hospitality, Leisure/Entertainment

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