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UNDER CONTRACT Iconic Italian Restaurant

$450,000 + SAV

Gold Coast Region, Queensland

UNDER CONTRACT Iconic Italian Restaurant

Well established Italian Restaurant with local clientele since 2007 - current owner since 2012.

Located in a sort after dining strip, catering to residents in the surrounding upmarket suburbs.

Fully equipped kitchen with a large bar and main dining room that can be converted to a private function room.

Indoor and outdoor enclosed undercover seating areas catering for over 80 in total.

Open for lunch and dinner 6 days per week Tuesdays to Sundays from 12 noon to 10pm.

Management and kitchen/floor staff in place to handle full operation.

Great lease conditions with reasonable rent on 132m2 and CPI increases.

Owner contribution approx. 45 hours per week overseeing operation and handling admin tasks.

Turnover in excess of $30,000 per week with a very healthy net profit.

Owner after 9 years wishing to sell now only due to another business venture overseas which requires his presence and daily input.

Ideally suited to a hospitality operator to keep this iconic restaurant going at its current standing.

Inquire now for full Information Memorandum or arrange an inspection.

Asking Price: $450,000 ONO + SAV

A Confidentiality Agreement needs to be completed before further information can be disclosed, please complete an online confidentiality agreement at https://linkbusiness.com.au/GC00737 and click on the ENQUIRE NOW button.

For full details contact Baz Sanjakdar
Ref: GC00737
Timestamp: 20210730090026

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Last updated: 31st July 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Gold Coast
State
 Queensland
Price
$450,000 + SAV
Category
  • Restaurant

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Contact

Baz Sanjakdar