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Outstanding Food and Beverage Venue

$2,495,000

Surfers Paradise, Queensland

Outstanding Food and Beverage Venue

This famous Gold Coast Venue keeps on growing from strength to strength.

Over $1,100,000 + net profit forecasted for the financial year. It does not get much better in the Bar & Food scene on the Gold Coast.

This Venue shines brightly amongst the stars of the Gold Coast hospitality landscape.

* Very high weekly turnover, currently averaging in excess of $97,000 net per week
* Significant net return on investment
* Trading only 5 hours per night midweek and 12 late on weekends
* Operationally fully managed business
* Very strong management team in place
* Significant refurbishment recently completed
* Top quality fit out and furnishings
* Up to 240 seats and bar
* Lease to 2026 plus a 5 yr. option
* Gross rent below 4% of net sales
* Fully documented policies, procedures, operations manuals, and checklists
* Large database with a massive social media presence across a range of platforms
* Real opportunity to further increase functions trade

This business would suit both an owner-operator or an investor looking for a substantial return on investment. Very rarely does an opportunity of this quality become available on the market.

For a full Information Memorandum, use this link to complete the confidentiality agreement https://forms.gle/coMD5HbpLfcgMk7u8

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Last updated: 2nd June 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Surfers Paradise
State
 Queensland
Price
$2,495,000
Category
  • Bars/Nightclubs
  • Restaurant

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Agency

Business Brokers Network

Business Brokers Network

Contact

Dru Morgan