About the Business

Iconic Restaurant meters from the Beach
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.
Operating for over 20yrs this themed restaurant has recently undergone a complete refurbishment offering customers a stylish, comfortable and casual atmosphere, while they have an unforgettable dining experience enjoying the sights and sounds of the ocean.
Completely under-management by 15 experienced staff. There is indoor seating for 100 with an additional 50 alfresco. FY24 turnover was several million generating a profit over $300k pa. P&E is realistically valued at $500k+ and a long lease is in place. More importantly this is 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 and recover from health issues. 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 exceptional returns.
$695k + SAV
Eamonn Bicknell: 0452 321 954