Restaurant – Bar – Fully Licensed – Seafood – Under Management

For Sale

·
Gold Coast, QLD

Business Code: T3012

$185,000
+ Estimated Stock (SAV) $20000
Key Features: Trades 5 days only - Prime position in a highly sought-after Northern NSW coastal dining and tourist hotspot. - Approx. $30,000 in weekly sales. Established trading history. Fully equipped commercial kitchen, stylish bar and generous dining facilities. Substantial existing infrastructure, strong local and tourist catchment, and an attractive asking price of just $185,000.
State: QLD
Suburb: Coolangatta
Location: Situated in a sought-after Northern NSW coastal destination, within a vibrant dining and lifestyle precinct. Surrounded by quality accommodation, established residential communities and popular tourist attractions.
Premises: Two separate sections with kitchen, wine room and bar area and restaurant seating area with total area of approx. 250 sq.mts.

Other business interests

Sale Reason

1997

Established

Plenty of free parking close to the business.

Parking

1 owner run under management + 1 full time manager + 1 main chef + 1 other chef + casuals

Employees

5 days. Monday: Closed. Tuesday to Thursday: 4:30pm to 9:30pm. Friday & Saturday: 12:30pm to 2:30pm and 4:30pm to 9:30pm. Sunday: Closed

Trading Hours

Current lease expires in November 2028 with a 3 month rental bond also 3% annual rental increases and CPI annual rental increases.

Lease

Restaurant & Bar – Prime Coastal Hotspot -An exciting opportunity to acquire an established restaurant and bar in one of Northern NSW’s most sought-after coastal dining and holiday destinations. Positioned within vibrant hospitality precinct surrounded by luxury accommodation, popular resorts, holiday apartments and established residential communities, this highly desirable location attracts locals, holidaymakers and tourists throughout the year. – Fully licensed – 100 seats.The business boasts a fully equipped commercial kitchen, stylish bar and generous dining facilities, providing an incoming purchaser with substantial infrastructure and an established trading platform. The substantial fit-out, infrastructure and years of trading history provide a valuable head start. An exceptional opportunity for an experienced restaurateur, hospitality operator or ambitious chef/owner to capitalise on this sought-after coastal location and take the business to the next level.Business name excluded from the sale. All genuine offers invited.

Features

Trades 5 days only - Prime position in a highly sought-after Northern NSW coastal dining and tourist hotspot. - Approx. $30,000 in weekly sales. Established trading history. Fully equipped commercial kitchen, stylish bar and generous dining facilities. Substantial existing infrastructure, strong local and tourist catchment, and an attractive asking price of just $185,000.

Potential

Outstanding potential for an experienced hospitality operator or ambitious chef/owner to capitalise on this highly sought-after coastal location. Opportunities include refreshing the menu and dining concept, expanding trading hours, introducing targeted marketing campaigns and attracting additional local and tourist patronage. The established premises, fully equipped commercial kitchen and bar provide an excellent platform to introduce fresh ideas, increase revenue and maximise the business's potential, subject to relevant approvals.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$30000
Cost of Goods
$7800
Gross Profit
$22200
Rent
$3078
Wages
$12000
Telephone
$120
Insurance
$386
Electricity
$750
Misc 1
$3624
Total Expenses
$20586
Estimated Stock
(Additional)
$20000
Net Profit
$1614
Price
$185,000
+ Estimated Stock (SAV) $20000
Price
$185,000
+ Estimated Stock (SAV) $20000
Contact Us

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