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| RESTAURANT (STEAK & SEAFOOD) |
| Category: |
Restaurants |
| Location |
GOLD COAST QUEENSLAND |
| State: |
Queensland
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| Phone number: |
+61 1300 916 116 |
| Price: |
$380,000 |
| Description: |
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This is a business any restaurateur would be proud to own. You can walk in and start trading. This fully licensed Greek themed restaurant is located in the main street of one of the Gold Coast's busiest seaside resort cities. The business has excellent holiday trade with an enormous local following all year round.
You will not find a restaurant more established; being a support base for the same Family over 30 years and spanning three generations and with a reputation for offering diners the freshest of local seafood, pasta, pizza, prime Australian porterhouse and fillet steaks. The themed fit-out of this restaurant has an ambience to please everyone, with seating for 180+ and the option to dine indoors or alfresco, with all areas protected from the weather.
There's a huge, as yet untapped potential for a new operator to further ramp up the business by doing breakfast, take-a-ways, weddings and functions. The fit-out has been strategically planned, encompassing themed furnishings, crockery, cutlery, glassware, stoves, salamanders, ovens, display fridges, walk in cool rooms and freezers. Every aspect of the business has been professionally planned down to the 50 Kva Cummins generator capable of running all plant and equipment as long as required.
The cost to refit the restaurant at today's prices would be exorbitant and way in excess of the asking price of a business with impressive trading figures over such a lengthy period. The business is generating a very healthy bottom line and could provide a great income for more than one family.
Rental rate is low and a 5 year lease is available with options to extend the lease period to 15 years, including plant and equipment, with a total area of more than 400 sqm at the very reasonable price of $380,000 + SAV.
This business will sell quickly.
And if you don't like paying rent - if you wish you can purchase the freehold property for $1.8million. This freehold price is negotiable and reasonable offers will be considered.
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