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Industry:  Food and Hospitality  
Business Address: Gold Coast, Mermaid Beach, QLD, 4218, Australia

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AD ID: B200300008
Asking Price: AUD$170,000
Rent:  
Detail business type: Restaurant 
Business Ph: 0414 612 331 
After hours ph:  
Contact Details
Name: Mr. Paul 
Advertising Nature: Private Seller 
Company Name:  
Phone: 0414 612 331 
Mobile: 0414 612 331 
Fax:  
Email: trusspt@hotmail.com 
Website:  
Postal Code: 4218 
Country: Australia 
Comments: Features
RESTAURANT FOR SALE ON GOLD COASTQLD

STILL OPERATING DURING COVID 19 AND TURNING OVER 9K+ PER WEEK. WAGES SIGNIFICANTLY DOWN DURING TAKE AWAY ONLY.

This restaurant has a history of turning over $800-900k a year and is only open 5pm to 9pm. Traditionally February is the quietest month for hospitality on the Gold Coast and we have still averaged $12k per week for February. Update T/Over for first week in March $16k.

Costs are following:

Cost of food 30%

Wages 30% (can be significantly reduces as owner only worked 9 hours)

Power/Gas 2%

Rent 9%

Misc 5%

Just voted as one of Australia's best in what we do in Australian TravelLer's Magazine 2020 and we made the top 50 in Australia in Big 7 travel.

A full hands on management could make themselves around 200k

Price now reduced to $155k for quick sale due to family health End of Day sales reports available to serious buyers. Still managing a healthy turnover despite current travel bans as we are very popular with locals (17.5k followers on instagram). This is now a bargain buy for someone. Sales trial welcome.

For further details please contact Paul 0414 612 331.
  • Busy Traffic Area
  • Excellent Location
  • Good Turnover
  • Huge Potential
  • Good Lease