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.
As you would expect with a consistent year on year turnover in excess of $3.8m, profits for the hands-off owner are substantial. The premises are superbly fitted out in keeping with its location in the Surfers Golden Mile most prestigious location!
The fit out and top of the range P&E cost in excess of $1.6m and provides a comfortable, casual atmosphere allowing customers to have an unforgettable dining experience while enjoying the sights and sounds of the ocean.
Managed by 28 casual and full time, experienced staff, there is seating for up to 130 with 70 alfresco. 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 are staggering; over 4.15 million overnight domestic visitors, 7m+ day trippers and boosted by international tourists forecast to increase 2.5% yearly.
This is a rare opportunity to acquire a turnkey, well established hospitality business that, undermanagement, delivers consistent profits.
$1.9m + SAV
Eamonn Bicknell: [Phone Number Censored]
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