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This iconic restaurant/bar is located on the Sunshine Coast’s premier tourism precincts. Trading for nine years, the award-winning reputation of this restaurant and its location have ensured the enormous success of this business and currently run under management, sales in excess of $2.1 million annually.
A rare opportunity to purchase this Iconic licenced Restaurant/Bar for sale. Firmly entrenched as a landmark eatery. Attracting local, interstate and tourist customers.
While it is positioned at the top end of the market, it appeals to both a loyal local client base and tourists. The restaurant is a venue for special celebrations, casual family get together and for the young and the old.
• Turnover in excess of $2.1 Million
• Current sales are approximately $40,000 per week
• Lease in place of a 3-year term and a 4-year option
• Spacious 338 sqm including function area
• Great personality and soft ambience
• Loyal Following from afar
• Luxurious high-quality fit out and kitchen equipment
• Up to 120 seats separate functions and dining space
• Wheelchair Access
• Outdoor dining
• Private room
• Impressive Wine List
• Outstanding Food and Location
• Currently trading 5 days (Wednesdays to Sundays 12pm to Late)
• Full Liquor License (PSA)
• Delivering very significant net returns
• Run under management by capable team.
• Gross rent 8.4% of net sales
• Fully documented policies, procedures, operations manuals and check lists
• 2,500 on the database with a massive social media presence
• Real opportunity to further increase functions trade
• Named in TripAdvisor's Top 10 Australian restaurants for 2016
• This business would suit both an owner operator or an investor looking for a substantial return on investment.
• Opportunity to extend to 7 days– restaurant currently open 5 days per week
• Very rarely does on opportunity of this quality become available on the market.
• A great asset for the new owner, to walk in and continue to trade, a Sunshine Coast icon and could be yours to own.
The owner has spared no expense when it comes to the décor, fixtures and fitting.
If you are seeking a highly respected restaurant which provides high profits and a high quality of life style, then this is it. Don’t delay as this business is priced to Sell.
Business asking price: $ 375,000
Stock maximum value: $ 35,000
For additional information including a copy of the Business Profile or to arrange an inspection please contact Manni Ribeiro on this page.
3 years plus option of 4 years
Wednesday - Sunday 12pm to late
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