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