LJ Hooker Roma is pleased to present a great opportunity to acquire The Golden Dragon Chinese Restaurant, a well-established and highly regarded Restaurant, along with the freehold commercial premises at 60-62 McDowall Street, Roma. This is a prime property, located in the heart of Roma's bustling CBD, offering a diverse and secure investment.
With a strong local presence and a loyal customer base, The Golden Dragon has been a trusted name in Roma for multiple generations, making this an ideal opportunity for first time business owners, investors, or those seeking a strategic commercial holding in one of South West Queensland's key regional centres.
For Sale by Private Treaty - Asking price of the building 60-62 McDowall Street is $900,000.00 and the business, equipment and stock is priced at $110,000.00 to be sold as a going concern.
Location: 60-62 McDowall Street, Roma, QLD
The Golden Dragon Chinese Restaurant, a well-established and highly regarded dining destination in the heart of Roma, QLD & is now on the market to purchase. Located on the town's bustling main street, this opportunity presents a profitable business alongside a 2-title freehold property (435sqm), offering excellent potential for growth and long-term investment.
Along with the 2-titles the freehold property also comes with an upstairs 2-bedroom, 1-bathroom apartment suitable for owners/managers living quarters or simple office space.
Business Overview
> Strong Turnover: $300,000 - $330,000 per year
> Current Trading Hours: 5:30 PM - 9:00 PM, 7 days a week, approximately 9 months a year with the owners usually closing for the hotter months.
> Potential for Growth: Significant revenue increase potential by extending trading hours to include lunch service and trading through the 12 months of the year. Further growth potential could be in large venue/event catering demands and smaller served variety options for single person orders to mention a couple of things.
> Fully licensed Restaurant & Bar.
> Fully Equipped: Includes all equipment, furniture, and approx. $10,000 in stock
> Vendor Finance Available: (for the business purchase only) Short-term vendor financing (up to 3 years) available. Please notify the agent in the initial stages of your enquiry if you would like to pursue this option.
Asking Price:
> "The Golden Dragon" Business: $110,000.00 Walk in Walk Out - conditional upon securing building lease agreement (Vendor Finance Available for Business Only).
> Commercial Building at 60-62 McDowall St: $900,000 + GST (All Equipment, Stock & Furnishings will be removed prior to settlement).
> Package Deal Building and Business: $1,010,000 Walk in Walk Out (All Equipment, Stock & Furnishings will be included in this deal).
Leasing Details
For buyers interested in purchasing the business only, the owners are offering a secure lease agreement:
> 7-year lease with 2 x 5-year options
> Rent: $85,000 per annum + GST + outgoings
> Annual CPI increases apply
For buyers looking to own both the business and freehold property, the prime real estate at 60-62 McDowall Street includes:
> A spacious restaurant, kitchen & Storage areas
> 2-bedroom, 1-bathroom apartment upstairs, perfect for an owner-operator or additional rental income.
This is an exciting chance to secure a thriving hospitality business with a solid customer base in a high-exposure location. With a motivated new owner, there's huge potential to expand operating hours and maximize profits.
If you would like to request a copy of the Information memorandum, have any questions or wish to arrange a private inspection, please don't hesitate to contact Andrew Busiko on 0427 622 783 or the office on (07) 4622 1222.
