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Get Started HereMulti-Dimensional; Catering, Bar, Restaurant, Function & Wedding Venue.
This business occupies a prime location on the waterfront in Runaway Bay Gold Coast.
About the Business: (Enquiries from Operators only)
- Fully Licenced 7 Days 10.00 am to 12 midnight.
- Mediterranean cuisine in a spacious, informal bar/restaurant with a balcony overlooking the water.
- Runaway casual Dining. Thinking of whiling away a few hours at Runaway Bay? We can give you plenty of good reasons to say yes. There’s the alfresco dining, the million-dollar view of the bay and the boats bobbing about on the canal, the music and dancing, the food, the beer, and the seriously good-natured, down-to-earth service.
- The chicken liver pate is house-made, as is the egg pasta. We like the latter topped with a subtle, salty sauce of Kalamata olives, anchovies, lemon, garlic, and chili. Although it’s also pretty tasty enveloped in a creamy white wine sauce and topped with prawns and chorizo sausage.
- Your trip to the Mediterranean will be complete with a marinara pizza, or perhaps the fish of the day.
- It’s everything you’d expect from an Italian restaurant without traveling to Italy. Moreover, with a view like this, who would want to? Best dish: House-made pasta with olives and anchovies.
Business Snapshot:
- Sales Net of GST
- 2017: $830,000.00
- 2018: $751,000.00
- Net Profit
- 2017: $217,000.00
- 2018: $153,715.00
- Lease: 8 years + Option for 5 years
- Area: 1,003 sq. Metres including the Per- Function & Wedding area.
- Rent: Only $77,000.00 pa and no outgoings.
- Food Cost 27%
- Wages 26%
- Trading Hours: 7 days; 10.00 am to 12.00 midnight.
- Staff: 8 Casuals
- Seating: Indoors = 100 Outdoors = 50
There are Accountants figures available and the Vendor is happy to trial for 14 days to confirm takings.
Asking Price $250,000 + SAV (ROI=61%)
For further information on this opportunity, please contact the undersigned:
Bruce Rylance
Business Broker
Benchmark Business Sales & Valuations
M: ---- --- --- T: ---- --- --- E: [email protected]
If you like to know more about the Business complete our online confidentiality agreement here: https://-----------------.---.--/ca-form-4028
or go to ---.-----------------.---.-- and use the reference number #4028 to search for the business.
Benchmark Business Sales and Valuations
The business images shown are for illustration purposes only and may not be an exact representation of the business.
Business Category: Food and Hospitality, Restaurant, Coffee, Cafe and Restaurant
Property Code: 4028