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Restaurant and Bar – Fully Managed

$349,000 Plus Stock

Peregian Beach, Queensland

Restaurant and Bar – Fully Managed

Prominent corner location in the Village Square. Established over 11 years. Local identity. Average weekly Sales $28,000. Quality presentation with plenty of scope to increase revenue.

Pitchfork Restaurant holds a strong top end market position in the Peregian coastal district with a high percentage of patronage being repeat custom over many years. Cuisine is 'Modern Australian'.

The business operates Monday to Saturday from 4:00pm until close and 11:00am to 4:00pm Sunday. Fully trained Staff, some long term, are in place covering all duties. Negotiable owners are selling to expand their interests in a wholesale manufacturing venture.

Premises comprise a full commercial kitchen, including walk-in cool room, storage, bar/service area, dining room, alfresco dining along the frontage and servery to the street from the Bar. Seating is provided for 80 plus, with two sittings on busy evenings. Lease is sound, expiring 28/2/23 plus one option of five years. ('Very good' Landlord). Rent inclusive of Body Corporate, Rates, Water and GST is $1,770 per week, being 6.3% of average weekly Sales.

Future revenue growth is assured by opening all days for morning and lunch trade plus Sunday evenings. Scope also exists for greater marketing as a private function venue, possibly live music venue, catering and further promotion of delivery or pick up take home meals.

Opportunity for Investors, Partnership or couple as owner-operators to purchase this long established successful business.

Full training will be provided, as required.

View at: Facebook and Instagram

For business profile and viewing contact:

Trevor Tiplady
AW Business Sales
Ph: 0424438025

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Last updated: 29th June 2021


Property Type
Contract Type
For Sale
 Peregian Beach
$349,000 Plus Stock
  • Restaurant

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