Beachfront Restaurant Cavill Mall Surfers Paradise - Irreplaceable Location
Location is critical for the success of any restaurant. This restaurant/bar is in the perfect location, metres from the beach in one of the world's most iconic holiday destinations Surfers Paradise.
The premises have recently had a complete refurbishment. This superb new fit out provides a stylish, comfortable and casual atmosphere, allowing customers to have an unforgettable dining experience while enjoying the sights and sounds of the ocean and Cavil Mall.
Completely undermanagement, as the existing owner has other demanding business interests, by 15 experienced staff. There is indoor seating for 100 with an additional 50 alfresco. FY24 turnover was several million generating a profit in the region of $400k for the passive owner. P&E is realistically valued at $500k+ and a long lease is in place. More importantly this a business serving an established and growing market - visitor numbers to the Gold Coast per year is staggering; over 4.15 million overnight domestic visitors, 7m+ day trippers and boosted by international tourists forecast to increase 2.5% yearly.
The vendor of over 8 years is selling to focus on a new business venture. This is a turnkey opportunity to own a restaurant/bar, in an irreplaceable position, that has the potential to reward a new owner who is prepared to invest their time with spectacular rewards.
$825k + SAV
Eamonn Bicknell: 0452 321 954
