Industry:
Food and Hospitality
Business Address:
Surfers Paradise, Gold Coast, QLD, 4217, Australia
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Click on pics to enlarge.
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| AD
ID: |
B190100002 |
| Asking
Price: |
AUD$15,000
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| Rent: |
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| Detail
business type: |
Chinese Restaurant |
| Business
Ph: |
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| After
hours ph: |
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| Name: |
Mr. Jim Roddy |
| Advertising
Nature: |
Business Broker |
| Company
Name: |
Transworld Business Advisors |
| Phone: |
0437 838 094 |
| Mobile: |
0437 838 094 |
| Fax: |
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| Email: |
admin@transworldgc.com.au |
| Website: |
www.tworld.com.au/goldcoastnorth |
| Postal
Code: |
4215 |
| Country: |
Australia |
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Comments:
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Features |
CHINESE RESTAURANT IN GREAT GOLD COAST LOCATION FOR SALE
Chinese restaurant seating 60 diners. Second floor location, direct street access via steps directly in front. Commercial kitchen, 2 toilets, staff area and storage areas. Crazy price to sell quickly.
Revenue
$312,000 pa
Rent
$96,408 pa
Expenses
$165,592 pa
Net Profit
$50,000 pa
Location Details
In a central position heart of the Gold Coast accessing the large tourism trade as well as being in a known Asian Food Mall frequented by locals after genuine Asian offerings.
Potential
* Currently only operating 6 days per week and around 4 hrs per day. Opportunity around lunch trade, tourist groups in the day / morning.
* No current delivery option to thousands of close by hotel rooms.
* No current marketing relying on word of mouth and foot traffic.
Skills
Father and Son currently run the restaurant and kitchen. If a new owner was to work the business solo they would need to take over one aspect either restaurant or kitchen area and so have suitable skills to do so.
Hours
less than 30 hrs open a week presently.
Mon-Sat 5:30pm till 9pm
Closed Sundays
Lease
5 + 5 (signed in 2017 leaving 4 years on initial term before first option)
Employees
Currently run by father and son with a few casual staff.
Reason for Sale
Owners have two restaurants and are finding it impossible to run both effectively. The price is reflective of their desire for a quick sale. The business has had Business Visa status in the past.
This Chinese Restaurant is currently operated by an owner with another restaurant and they need to rationalise their time by selling one.
Situated in the middle of a known Asian dining precinct in the heart of Surfers Paradise the location can not be better to attract both tourists and savvy locals after genuine Asian offerings.
The owner is almost gifting this restaurant at this price. Currently operated by 2 family members and returning them around $100,000 a new owner could take over and with no changes immediately be making money.
Ultimately a new owner will look to increase the current turnover and profit. This can be achieved in numerous ways including the fact the current business has no delivery option to the thousands of tourist accommodation rooms in Surfers Paradise. Adding some more western cuisine to the menu could also offer a point of difference to the mostly Asian offerings surrounding the restaurant.
A liquor licence can be applied as well to increase profit.
Marketing has been minimal relying on position (foot traffic) and word of mouth. Here a small marketing campaign could return more profits as well.
An established profitable Chinese Restaurant in the heart of Surfers Paradise for $15,000!
This business will be sold quickly so do not delay in enquiring.
Key Points in dot points
* Central Surfers Paradise Location
* Long Lease 5 + 5 (4 years remaining on first period)
* Existing Asian food precinct attracting diners regularly
* Masses of opportunity for new owner to realise
* Cheapest Profitable Restaurant!
For further details, please contact Jim 0437 838 094.
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- Busy Traffic Area
- Excellent Location
- Good Turnover
- Huge Potential
- Stock At Value(SAV)
- Good Lease
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