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Iconic Gold Coast Managed Mexican Restaurant For Sale

Gold Coast, Queensland, Australia
Asking Price:
$399,000.00 + SAV (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

This Fully Managed turnkey Mexican food restaurant is just waiting for its new owner to take the ball and run. ACT NOW!

Takings at $26,000.00 per week or $1.35 million pa. -.-.-. = 42%

About the Business:
- This restaurant is located in a popular shopping area on the Gold Coast, close to the Beach & both residential and retail areas on the Gold Coast Hwy. No expense has been spared on the kitchen and the interior Fitout.

- Demographics in the area are great, and fit this type of restaurant perfectly. The restaurant is situated in a prime two level building on the Gold Coast Hwy.

- The area has a hugely popular convenience store, constantly drawing and depositing new customers at your doorstep daily. There are over 600 apartments approved to be built within 500 metres of the Restaurant , right on the beach front.

- The dining area is very comfortable and with the available patio dining customers can relax and enjoy their favourite meals outside as well.

- The fully equipped kitchen has all the restaurant equipment you will need to prepare and cook all the Mexican food favourites.

- The equipment is all in new or near new condition so no worries about things breaking down in the middle of a rush.

- There are two bars, with adequate dining and a function area giving the operator complete flexible with bookings for private functions.

- The space itself is a compact 265 Sq. metres, which is just right for this type of operation.

- Cost of occupancy for a Location like this is very low and under 10% of sales.

Don’t miss you chance to own one of the most popular food concepts around, get in, do a little marketing and this place will be a gold mine.

Key Points:
- Lease; Expires in November 2023 Plus 2 x 5 year options = 14 years Total

- Location; Prime Highway Exposure

- Total Monthly Rent: $8,600.00 pm includes all out goings

- Liquor License: for two levels

- No Franchise fees you keep the full profit

- Full-Time Employees: Management Staff; Restaurant Manager, Head Chef, Bar Manager, Assistance Manager.

- Casual Staff = 9 * Full - Time Staff = 7

- Hours Open 7 days: Monday to Wednesday 5.00 pm. until 10.00 pm or late if having Functions. Thursday to Sunday 11.00 am. to midnight. Lunch + DinnerSeating on = 105

- Reason for selling; Owner needs to focus on his other business interests, now that the Restaurant is running under management.

Business Highlights:
- Very easy to operate – full training provided.

- Excellent Social Media.

- High traffic/turnover centre for Tourist & Locals

- Onsite parking of 100 cars

- Low cost of occupancy

- Very popular food concept

- Located on busy thoroughfare

- Outside dining

Net Profit $170,000.00 pa. Under management. -.-.-. = 42%

Sale is subject to a Trial Period, to confirm weekly takings of $26,000.00

Asking Price $399,000.00 + SAV.

For further information on this opportunity, please contact the undersigned:
Bruce Rylance

Business Broker

Benchmark Business Sales and Valuations

M: ---- --- --- T: ---- --- --- E: [email protected]

If you like to know more about the Business complete our online confidentiality agreement here: https://-----------------.---.--/ca-form-4030

or go to ---.-----------------.---.-- and use the reference number #4030 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, Cafe and Coffee Shop, Coffee, Cafe and Restaurant

Property Code: 4030

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