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Newly Established Chinese Restaurant near University Campus - Ref: 18562
Internal Ref: 4908
Summary
BUSINESS ID: XB168400 - SBS APPROVED - SPONSOR VISAS - NET PROFIT $230K-$250K P.A - MANAGER IN PLACE
About the Business
BUSINESS ID: XB168400 - SBS APPROVED - SPONSOR VISAS - NET PROFIT $230K-$250K P.A - MANAGER IN PLACE
A rare opportunity to acquire an established and profitable restaurant and bar directly opposite the beach and pier, with panoramic waterfront views and Standard Business Sponsorship (SBS) approval already in place, giving a pathway to sponsor visa applicants.
Operating since 2014, this impressive venue seats 125-150 guests with an experienced on-site manager already in place.
BUSINESS HIGHLIGHTS
· SBS approved business, able to sponsor visa applicants (subject to visa requirements)
· Turnover of approximately $800K-$1M p.a. with net profit of $230K-$250K p.a.
· Fit-out valued by the owner at over $300K, including commercial kitchen, pizza oven, bar and POS system
· Prime position opposite the beach and pier, just 50 metres from the main shopping centre with ample parking
· Seating for 125-150 guests across the dining area and bar
· Full liquor licence, registered food business, outdoor dining permit and entertainment approvals
· Multiple revenue streams including dining, bar trade, functions, events, takeaway and delivery
· Established team of six, including an experienced manager, with staff able to remain
· Rent of $4,100 per month, with 12 months remaining plus a five-year lease option
· Trading Tuesday to Sunday, with extended summer hours
· Growth potential through tourism, digital marketing, live music and corporate events
· Two-week handover and training provided by the owner, who is relocating overseas
Ideal for eligible regional visa applicants and prospective sponsors, as well as owner-operators, hospitality groups and investors. Buyers should seek their own migration advice.
PRICE: $240,000 + SAV
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