Gold Coast Unique and Well-known Restaurant First Time on Market $395,000 + stock

Discovering the precious great opportunity to the popular restaurant is coming on the market for the first time, offering a unique opportunity to get into a successful business with a large group of local food lovers.

Business Information

- The owner spent $600,000 to set up this well-known restaurant in 2019.

- It’s situated in a busy suburb in the city of Gold Coast

- Trading time Monday to Sunday from 11:30am to 2:30pm;5pmto 9pm

- Busy hours at night 6:30 pm to 8:30pm

- Average weekly sales around $21000

- The restaurant provides varieties of seafood, meat and vegetables with its famous hot pot soup base with recipe, snacks, beverages and alcohol at your choice.

- Cheap rent monthly base rent $6753.05 + GST and inclusive outgoing with large size of 200 square meters inside and 40 square meters at backyard

- The business supplies 80 + seats in total

- Long lease ends in 2030 with 3% increase per year

- Food cost is around 28%

- One full time manager with 10 part time staff

- weekly average wages is around $4200

- Quarterly electricity is around $4300

- Monthly Gas is around $450

- Great profit

Business Strength

- Well - Established and well- known

- Good Location with busy traffic

- Easy to learn and easy to operate

- Under the present business fully Under management, you still can enjoy abundant joyful family time with your loved one.

- Capable and loyal manger with well-trained staff

- The business is not limited by any culinary skills

- The owner will provide free training of a set of soup base formulas that have been successful and easy to learn and advancement

- First class service

- Cheap rent with a good long lease

- The business generates stable and abundant profit ( average 2022 & 2023 yearly net profit is around $250,000)

Business Potential Growth

-There are more type of soup base and meat can supply

- Add special dishes from different cultural backgrounds as promotions

- Plenty of promotions can explore to bring more customers such as Facebook and Instagram, present solely depend on word of mouth

Reason for Sale

Take other life challenges.

Asking price $395,000.00 + stock

Please contact 0432 843 715 for details