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.
High-quality firm with recurring revenue, strong retention, trained staff & scalable growth opportunities. predominately...
Supermarket, liquor and grocery retail offering fresh produce, packaged foods, hot meals, lottery products, and essentia...
Long-established gold coast chinese restaurant under management. cheap rent, $170k+ net profit, perfect for investors or...
High-growth asian food business with wholesale, retail & national distribution. franchise-ready with wfh potential. $130...
High-cashflow supermarket | decades of trade | walk-in & profit from day one...
Step into one of the best café locations on the coast — a premium european-style concept which is already turning heads....
Walk-in opportunity for an experience lender seeking ownership of an established mortgage choice business with sticky cl...
High-demand cleaning business with loyal clients, strong cash flow, and immediate growth potential....
This business is set to make in excess of $1.2million per year!!!...
Coastal variety shop powerhouse | $292k sde | under management | 38 yrs | 800 sqm | strong cashflow & lifestyle opportun...
Established, cashflow-positive removal & transport business with strong repeat clients and management structure in place...
Prime bubble tea business, $7k/week, high margins, low rent, strong foot traffic. simple to run, strong cashflow....
2x entertainment bars in high-traffic immersive entertainment venue – unique dual-experience with strong tourism demand ...
Premium indoor entertainment & hospitality venue with diversified revenue and under management operations....
Award-winning thai restaurant – gold coast | $250k+ net profit | stunning 2-level venue...
Established garage door sales & installation business with strong repeat work, loyal clients, proven systems & solid pro...
High-demand event hire business, easy to run with minimal experience. wide service area and strong reputation. $375k wit...
Premium baby sleep solution in a resilient global market. portable, practical product with strong demand, e-commerce sca...
Established, high-traffic lotto with 20+ years trading, strong repeat customers, diverse revenue streams and simple owne...
Profitable korean restaurant | 6 days only | $155k+ sde | 17yrs established | simple operation with strong local followi...
Main australian wholesaler & distributor, 38-year industry leader, semi under management, $0.47m+ net profit p.a., ideal...
High-traffic supermarket/convenience store & takeaway with strong cashflow and growth potential....
High-profit b2b+b2c ecommerce distribution platform in essential water quality solutions sector, ~$2.6m ebitda (~35%), r...
Profitable fashion boutique, in prime location with loyal customers & high foot traffic....
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.
