Iconic Restaurant meters from the beach - $545k +SAV
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 worlds most iconic holiday destinations Surfers Paradise.
Operating for over 20yrs this themed restaurant has recently undergone a complete refurbishment offering customers a stylish, comfortable and casual atmosphere, while they have an unforgettable dining experience enjoying the sights and sounds of the ocean.
Completely under-management by 15 experienced staff. There is indoor seating for 100 with an additional 50 alfresco. FY24 turnover was several million generating a profit over $300k pa. P&E is realistically valued at $500k+ and a long lease is in place. More importantly this is a business serving 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.
Reason for selling Recent health and family issues means this husband-and-wife team, who have owned the business for over 8 years, now need to sell the business with some urgency. For this reason, the business is being offered well below market value, it was originally advertised for $895k. 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.
$545k + SAV
Eamonn Bicknell: 0452 321 954
Price: $150,000 + SAV - ONO
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Under management - Irreplaceable beachfront restaurant and bar! Location is critical for the success of any restaurant. This restaurant/bar is perfectly situated, beachfront in one of the world’s most iconic holiday destinations – Surfers Paradise....
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