Award winning Restaurant/Bar for Sale, Sunshine Coast

Sale price: $375,000 + Stock

Location: Sunshine Coast

SDE: Refer to broker

Sales: Refer to broker

Reference: IBS108

This iconic restaurant/bar is located on the Sunshine Coast’s premier tourism precincts. Trading for nine years, the award-winning reputation of this restaurant and its location have ensured the enormous success of this business and currently run under management, sales in excess of $2.1 million annually.

A rare opportunity to purchase this Iconic licenced Restaurant/Bar for sale. Firmly entrenched as a landmark eatery. Attracting local, interstate and tourist customers.

While it is positioned at the top end of the market, it appeals to both a loyal local client base and tourists. The restaurant is a venue for special celebrations, casual family get together and for the young and the old.

  • Turnover in excess of $2.1 Million
  • Current sales are approximately $40,000 per week
  • Lease in place of a 3-year term and a 4-year option
  • Spacious 338 sqm including function area
  • Great personality and soft ambience
  • Loyal Following from afar
  • Luxurious high-quality fit out and kitchen equipment
  • Up to 120 seats separate functions and dining space
  • Wheelchair Access
  • Outdoor dining
  • Private room
  • Impressive Wine List
  • Outstanding Food and Location
  • Currently trading 5 days (Wednesdays to Sundays 12pm to Late)
  • Full Liquor License (PSA)
  • Delivering very significant net returns
  • Run under management by capable team.
  • Gross rent 8.4% of net sales
  • Fully documented policies, procedures, operations manuals and check lists
  • 2,500 on the database with a massive social media presence
  • Real opportunity to further increase functions trade
  • Named in TripAdvisor’s Top 10 Australian restaurants for 2016
  • This business would suit both an owner operator or an investor looking for a substantial return on investment.
  • Opportunity to extend to 7 days– restaurant currently open 5 days per week
  • Very rarely does on opportunity of this quality become available on the market.
  • A great asset for the new owner, to walk in and continue to trade, a Sunshine Coast icon and could be yours to own.

The owner has spared no expense when it comes to the décor, fixtures and fitting.

If you are seeking a highly respected restaurant which provides high profits and a high quality of life style, then this is it. Don’t delay as this business is priced to Sell.

Business asking price:             $ 375,000

Stock maximum value:            $   35,000

 

Enquire about this business

Manni Ribeiro of Invested Business Sales on the Sunshine Coast

For additional information including a copy of the Business Profile or to arrange an inspection please contact Manni Ribeiro on 0429 626 835.

Or complete the form below. You must read and agree to the Confidentiality Agreement in order to protect the Seller’s sensitive information we will provide you with.

Read the Confidentiality Agreement here