Summary
Operating since 2016, the business has an established customer base, strong brand recognition, a fully equipped commercial kitchen, liquor licence and indoor/outdoor dining areas.
Revenue
$8,000 pw
Rent
$1,750 pw
Expenses
$3,000 pw
Net Profit
$2,250 pw
Potential
With an established brand since 2016, a loyal customer base and a great location in Mermaid Waters, there are several opportunities for growth:
* Expand trading hours and maximise lunch and dinner sales.
* Increase takeaway and delivery revenue through Uber Eats and other platforms.
* Grow catering, private functions and group bookings.
* Introduce new menu specials and cocktails.
* Build on an existing social media following of over 8,000.
* Improve profitability through hands-on management and cost optimisation.
Skills
Basic hospitality and customer service skills are beneficial. Experience in restaurant management, food preparation, staff supervision, stock control and marketing would be advantageous. Suitable for an experienced hospitality operator, chef or motivated owner-operator. The business is fully equipped and established, providing a great opportunity for someone with a passion for food and hospitality.
Hours
Lunch from 11:30am to 3:00pm
Dinner from 5:30pm to 8:30pm
Lease
Secure commercial lease with approximately 4 years remaining, including indoor and outdoor dining areas.
Employees
Kitchen staff:
One full time chef, one part time cook and one casual kitchen hand.
Front of house staff:
Three Casual front of house.
Reason for Sale
Due to a family member’s health condition requiring ongoing personal care, I am unable to dedicate the time and attention the business deserves. Therefore, I have made the difficult decision to sell.
About the Business
Operating since 2016, this restaurant has built a loyal customer base, strong local reputation and a recognisable presence in the community.
Business Highlights:
* Nearly 10 years of established trading history
* Average weekly turnover of approximately $9000
* Fully equipped commercial kitchen
* Indoor and outdoor dining areas
* Liquor licence in place
* Strong social media presence with over 8,000 followers
* Established menu, suppliers and customer base
* Currently trading 5.5 days per week
* Opportunities to expand through delivery, catering, extended trading hours and targeted marketing
Ideal Opportunity
Perfect for a hands-on owner-operator, experienced chef or hospitality professional looking for an established restaurant with an existing customer base and growth potential.
History
Established in 2016, this Asian fusion restaurant has been a part of the Gold Coast dining scene for nearly a decade. Over the years, it has built a loyal local customer base and a strong reputation for its creative Asian-inspired cuisine and relaxed dining atmosphere.
With a solid trading history and an established presence in the local community, the restaurant offers an excellent opportunity for a new owner to build on its existing foundation and explore further growth potential.
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