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Industry:  Food and Hospitality  
Business Address: Surfers Paradise, Gold Coast, QLD, 4217, Australia

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AD ID: B190100002
Asking Price: AUD$15,000
Detail business type: Chinese Restaurant 
Business Ph:  
After hours ph:  
Contact Details
Name: Mr. Jim Roddy
Advertising Nature: Business Broker 
Company Name: Transworld Business Advisors 
Phone: 0437 838 094 
Mobile: 0437 838 094 
Email: admin@transworldgc.com.au 
Website: www.tworld.com.au/goldcoastnorth 
Postal Code: 4215 
Country: Australia 
Comments: Features

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.

$312,000 pa

$96,408 pa

$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.

* 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.

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.

less than 30 hrs open a week presently.
Mon-Sat 5:30pm till 9pm
Closed Sundays

5 + 5 (signed in 2017 leaving 4 years on initial term before first option)

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.
  • Busy Traffic Area
  • Excellent Location
  • Good Turnover
  • Huge Potential
  • Stock At Value(SAV)
  • Good Lease