Are you ready to take over a thriving bar and restaurant in one of the Gold Coast's premier lifestyle destinations?
This established venue offers a unique blend of coastal charm and urban sophistication, situated in a high-traffic area that attracts both locals and tourists year-round.
Plus, there's the added potential to relaunch a fully equipped second venue, offering endless possibilities for growth and expansion.
Suburb Description:
Broadbeach is one of the Gold Coast's premier lifestyle destinations, known for its seamless blend of coastal beauty and urban sophistication.
Its pristine beaches and lush parklands attract tourists and locals year-round, while the thriving dining, retail, and entertainment scenes make it a hub for all-day activity.
The suburb's prime location offers unmatched accessibility, with the G:Link light rail and major roadways connecting it to surrounding areas, ensuring a steady flow of visitors.
Iconic landmarks like The Star Gold Coast, Pacific Fair Shopping Centre, and the Gold Coast Convention and Exhibition Centre drive consistent foot traffic and attract a diverse demographic, from affluent locals to international tourists.
Broadbeach's unique mix of laid-back beach culture and high-energy nightlife creates the perfect environment for hospitality ventures.
Its vibrant streetscape, filled with alfresco dining spots and boutique venues, has solidified its reputation as a must-visit destination for culinary experiences and social outings.
Key Features:
Prime Location: Just 500m from the beach and one street back from the main Broadbeach strip, this venue enjoys high visibility and consistent foot traffic from both locals and tourists.
Established & Popular: Successfully operating for five years, the venue is a go-to spot for locals, interstate visitors, and short-term accommodation guests.
Unique Ambiance: A warm, intimate laneway bar with stylish features including white concrete benchtops, warm timber accents, and terracotta-rendered walls.
Indoor & Outdoor Seating: Accommodates up to 70 patrons, with 26 seats inside (40m²) and 44 seats outside (40m²).
Strong Revenue Mix: Balanced 50/50 split between food and drink sales, ensuring diverse income streams.
Popular Menu: Highlights include Beef Ragu, Truffle Honey Halloumi, Kingfish Ceviche, alongside best-selling cocktails like Watermelon Spritzers and Margaritas.
Liquor License: Fully licensed, with a strong reputation for artisan cocktails and quality food.
Well-Maintained Equipment: All equipment is in excellent condition, allowing for a seamless transition to new ownership.
Parking Availability: Convenient off-street parking for customers.
Efficient Operations: Managed with two salaried staff and two casual employees.
Flexible Lease: Currently month-to-month, with the landlord open to renewing the lease for new owners.
Second Venue Ready for Revival:
Fully Equipped & Ready to Relaunch: The second venue is fully equipped but not currently operating, offering a unique opportunity to bring it back to life.
Incredible Value: This sale includes both venues, providing excellent value and expansion potential.
Rebranding Opportunities: Reopen under the existing branding or introduce an entirely new concept to complement the current venue.
Growth & Expansion Opportunities:
Extend Trading Hours: Currently operating Tuesday to Friday from 5 PM and Saturdays from 1 PM. Opening seven days a week could significantly boost revenue.
Implement Marketing & Social Media: Minimal marketing efforts are in placea strong online presence and digital advertising strategy could greatly enhance visibility.
Leverage Second Venue Potential: Reopening the second venue offers the chance to diversify revenue streams and increase market share within Broadbeach's vibrant hospitality scene.
Introduce Delivery Services: Adding services like Uber Eats could further increase sales and reach a broader customer base.
This is an unmissable opportunity for a savvy investor or hospitality operator looking to step into an established, highly regarded venue with immediate expansion potential.
Lease Details
Currently month by month however landlord happy to sign a new lease. Potential to negotiate new terms. 2 separate leases, take one or both.
Fig And Frankies $1329 p/w inc GST
Happy Endings $745 p/w inc GST
Premises Details
Fig And Frankies - 40m2 internal and 40m2 external
indoor seating for 26 customers
Staff Details
2 x salaried full times staff
2 x casuals
Opening Hours
Tuesday - Friday: 5 PM - 11 PM
Saturday - Sunday: 1 PM - 12 AM
Opportunity
Extend Trading Hours: Currently operating Tuesday to Friday from 5 PM and Saturdays from 1 PM. Opening seven days a week or offering breakfast or lunch could significantly boost revenue.
Implement Marketing & Social Media: Minimal marketing efforts are in placea strong online presence and digital advertising strategy could greatly enhance visibility.
Leverage Second Venue Potential: Reopening the second venue offers the chance to diversify revenue streams and increase market share within Broadbeach's vibrant hospitality scene.
Introduce Delivery Services: Adding services like Uber Eats could further increase sales and reach a broader customer base.
**Weekly**
Sales $11,780
Rent $1,329 inc GST
