Harbourside Restaurant for sale

Harbourside Restaurant For Sale Gold Coast

Multi- Dimensional; Catering, Bar, Restaurant, Function & Wedding Venue.

This business occupies a prime location on the waterfront in Runaway Bay Gold Coast.

Fully Licenced 7 Days 10.00 am to 12 midnight.

Mediterranean cuisine in a spacious, informal bar/restaurant with a balcony overlooking the water.

About the Restaurant;

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 chilli. 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 travelling to Italy.

Moreover, with a view like this, who would want to? Best dish: House made pasta with olives and anchovies.

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
• 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