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- Categories: Food/Hospitality, Leisure/Entertainment
This famous Gold Coast Venue keeps on growing from strength to strength.
Over $1,100,000 + net profit forecasted for the financial year. It does not get much better in the Bar & Food scene on the Gold Coast.
This Venue shines brightly amongst the stars of the Gold Coast hospitality landscape.
* Very high weekly turnover, currently averaging in excess of $97,000 net per week
* Significant net return on investment
* Trading only 5 hours per night midweek and 12 late on weekends
* Operationally fully managed business
* Very strong management team in place
* Significant refurbishment recently completed
* Top quality fit out and furnishings
* Up to 240 seats and bar
* Lease to 2026 plus a 5 yr. option
* Gross rent below 4% of net sales
* Fully documented policies, procedures, operations manuals, and checklists
* Large database with a massive social media presence across a range of platforms
* Real opportunity to further increase functions trade
This business would suit both an owner-operator or an investor looking for a substantial return on investment. Very rarely does an opportunity of this quality become available on the market.
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