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Restaurant - Bar - Well Known For Sale

Gold Coast Mc, Queensland
Asking Price:
$3,000,000 (AUD)
Sales Revenue:
$4,004,000 (AUD)
Cash Flow:
$780,000 (AUD)

Well known restaurant and bar serving the best steak and seafood in the area. - 500 + customers per night. - Huge wine selection. Large commercial kitchen. The business includes a 5 bedroom apartment with 3 ensuites which is attached to the building. The freehold is also available which includes - 9000sq mtrs of land, 2908 of building, 3 brm house, rent from a convenience store, food takeaway, hairdresser, and a butcher. Asking price for business and property is $13,000,000 - 1100 seats.

Potential
If you owned the freehold it could be turned into a hotel. The owner has also been approached by a major food chain wanting to build on the back of the site.

Features
Prime residential area. - Very busy location.- 5 bedroom residence attached. - Popular for business and family functions.

Premises
This business has an area of 2908 m2,

Location
Situated in the heart of a suburban area of Gold Coast on a busy arterial road.

Trading Hours
7 days - 11 a.m. - 10 p.m.

Lease
New lease is negotiable to suit or you can buy freehold - The owner will also give free rent for a specified period.

Employees
2 owners + staff - (up to 40 at peak times )

Comments

Property information

Location:

Situated in the heart of a suburban area of Gold Coast on a busy arterial road.

Business Operation

Expansion Potential:

If you owned the freehold it could be turned into a hotel. The owner has also been approached by a major food chain wanting to build on the back of the site.

Trading hours:

7 days - 11 a.m. - 10 p.m.

Employees:
2 owners + staff - (up to 40 at peak times )
Years established:
30

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