THRIVING BEACHSIDE RESTAURANT PRICED FOR QUICK SALE

THRIVING BEACHSIDE RESTAURANT PRICED FOR QUICK SALE

Preview Listing
Preview Listing
Preview Listing

Location Details :

Country

Australia

State

Queensland

City

--


Industry :
Food/Hospitality - Restaurant ; Food/Hospitality - Takeaway Food ; Industrial/Manufacturing - Food/Beverage ;

Financial Details :

Revenue

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EBITDA

--

EBITDA multiplier

-x

About the business

With a management team in place December 23 sales totalled $193k and January 24 sales $191k plus there is still scope to grow.

A morning coffee service was set up prior to xmas as a grab and go food through a takeaway window and it made more than $150,000. The key to further enhancing this restaurant's success lies in extending its trading hours. The potential for breakfast service is particularly promising as the business is situated directly across from Kirra beach, surrounded by a mix of retail shops, food businesses, offices, and high-density residential areas. Currently 5 new high rises have been erected within 300 metres from the restaurant.This setting attracts a regular holiday crowd and a strong local following, offering an excellent customer base for an extended breakfast service.

Additionally, there is room for improvement in alcohol sales, via the liquor licence which currently accounts for 20-25% of revenue.

Key highlights of the restaurant include:
* Dec 23 sales $193k / Jan 24 Sales $191k
* A large floor plan and long lease, with ample seating both indoors and outdoors.
* Over 35 tables valued at $20k, 120 chairs valued at $10K, leather italian marble bench tops valued at $10K and Spanish tiles benches worth $8K.
* A well-designed kitchen capable of handling large volumes fitted with a brand new Maranna self rotating pizza oven worth $55K, four deep fryers, six burners stove, dishy area and a large extraction system.
* A fully stocked bar fitted with a six beer tap system, two soft drinks guns, glasswasher, Cocktails area and liquor licence.
* Duct air conditioning throughout the whole venue valued at $60K, 4 CCTV cameras and a SONOS audio/video system valued at $5K. New 3 phase electrical system
* 13k followers on Instagram
* A skilled head chef and management team run the business efficiently, requiring minimal input from the owner.
* Well-trained, professional staff, supported by robust systems and processes for smooth day-to-day operations. Recipes book and procedures booklet in place to allow easy training & take over.

The presentation and fit out of this business alone represents excellent value. As new equipment including furniture, fittings, high quality kitchen and wood fired pizza oven. A large footprint in a busy growth suburb surrounded by high rise buildings is supported by a long-term lease.

This restaurant offers a promising opportunity for any potential buyer looking to capitalise on its existing success and untapped potential.

Asking Price $325K + sav

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Talk to Brokers that know business

Business Brokers Network Australia is the largest Business Brokerage in Australia, with over 85 Business Brokers in all states of Australia in over 65 business locations.

Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful. 

To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.

Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.

To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.

If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking. 

email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14

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