Business Sales
Two Iconic restaurants, one brand | Gold Coast

Two Iconic restaurants, one brand | Gold Coast

Price: $750,000 + Stock

A beautifully branded, highly recognisable and profitable business

Key Sale Highlights

  • Secure leased

  • Highly systemised

  • Run under management

Business Overview

A beautifully branded, highly recognisable and profitable business, these two venues are ripe for expansion. Both run under management, highly systemised with secure leases in place. The menu is of a high quality with little technical skill required saving thousands in labour. The owners have done all the hard work getting this ready for expansion and are ready to retire. Staff No The owners work behind the scenes. Both venues have dedicated leaders and are run fully under management. Lease Info Combined rent under 10%. Lease 1 - expiry 2033 plus 10 year option Lease 2 - expiry 17/12/2029 (extension available subject to landlord approval) Trading Times Venue 1 - Monday to Friday 8am to 2pm, 5 to 8pm Saturday & Sunday 8am to 8pm Venue 2 - 6 days - 8am to 2pm Thursdays 8am to 2pm / 5.30pm to 8pm Size of Premises Venue 1 - Seats up to 160 - 220m2 - Ocean views. Venue 2 - Seats up to 90 - 129 m2 internal with outdoor seating. Opportunity - Venue 2 launched in December 2023 - $1milion fit out. - Expand on this iconic brand into Brisbane and beyond. - Increase hours for dinner service. - No competition in this market. - Add weekend surcharge in line with competition. - Incentivise the management team to drive down labour costs

Financials

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