âThis long established, well-known and profitable suburban Chinese restaurant is tucked away in a beach nearby location which is highly desirable and considered as one of the prestigious suburbs on the Gold Coast.
Shop size of above 300M situated in one of the most popular Gold Coast suburbs and lined with a mix of excellent menu, also with a Liquor license. Present owner took over in 2019 and has continued its success by offering best customer service and offering traditional quality of ingredients, all freshly prepared, making their handmade dumplings and signature Chicken and Prawn broth bases, along with their famous fired rice made with pork or prawn using a secret recipe.
This prominent business has weekly sales $15K per week trading mainly evenings with a liquor license. The current lease expires 2029 (including options) with a crazily cheap rent of $2,000 weekly. One full time owner is mainly responsible as "kitchen chef assistance" and another part time owner mainly works at the front. This business has generated close to $300K net profit to the couple annually factoring in their wages. They are reluctantly to offload due to retirement. With the lovely husband and wife who wish to go back to China for retirement, it is a perfect opportunity for the new hands-on operators to come in and to continue its success.
This business is perfectly suitable for the Visa 188A applicant or any motivated restauranteur who would like to bring this business to the next new height by strengthening its marketing, expanding its trading hours and introduction of a bigger menu.
DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.
Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.
No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.
Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.
This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.
Browse through the list of other high performing businesses for sale in Australia.
Owner is retiring! established premium chauffeur & limousine business with strong cash flow and high growth potential an...
Established jamaica blue café in cooroy with $1.03m turnover, 72.53% gp, management-ready operations and a prime sunshin...
Established gold coast cleaning business with loyal repeat clients, low overheads, immediate income and growth potential...
Unique gold coast bbq smokehouse & café with loyal following, liquor licence, $10k+ weekly sales & huge expansion opport...
Established, respected and profitable practice with over 50 years of success...
Profitable asian restaurant with modern fit-out, loyal clientele, strong cashflow, long lease and genuine growth potenti...
Mobile coffee & donut truck with 50%+ profit margins, established event bookings and flexible owner-operated lifestyle. ...
Step into a cashflow-positive removals business with quality vehicles, repeat customers and strong growth potential and ...
Brand-new gold coast café with $400k+ fit-out, semi under management, $153k annual net profit and secure long-term lease...
Established e-commerce business with recurring subscription revenue, 60% returning customers, strong profits and signifi...
Established functional fitness business with loyal members, recurring income and huge growth potential in a thriving whi...
Café gold coast | $90k wiwo | semi-managed | loyal repeat trade | huge growth potential!...
This vending run takes the owner 4 hours per week from start to finish, and offers excellent room for growth with a spar...
Premium wiwo gourmet deli & catering business. avg. $14k weekly turnover. semi-under management. includes approx. $15k s...
A with $4.2m+ sales, no major competition & strong growth ahead...
Established accredited training business in high-demand compliance sector with strong systems, clients and scalable grow...
Gold coast suburban café for sale – $60k approx. net profit, asking price only $79k...
Premium events, weddings & floral business with loyal clients, strong brand with long-term team. minimal owner hours, li...
Established gold coast cosmetic & laser clinic. est. 2013, semi under management, approx. $210k sde, loyal clientele, ex...
Swap the daily grind for the whitsundays. secure a relaxed coastal lifestyle with guaranteed income, minimal hours and a...
Established air conditioning & electrical business with highly competent team, low overheads and recurring work. well es...
Established iga supermarket generating ~$5m sales, $572k avg profit, fully under management, strong meat-led traffic & l...
Established high-traffic lotto & retail store (20+ yrs) with strong repeat customers, ~$2.58m turnover, essential daily ...
One of gold coast’s busiest pizza hut stores – $27k weekly sales & $200k+ net...
Business2Sell is one of the biggest and trusted marketplaces for buying and selling businesses in Australia. With thousands of buyers and sellers visiting the site every day, it offers wider reach and extensive opportunities. Whether you are an aspiring entrepreneur, investor, or seller, you will find what you are looking for right here.
