SEMI-UNDER MANAGEMENT (OWNER 10 HOURS WORK/WEEK), PROFITABLE SUSHI RESTAURANT

15 days ago

 

Internal Ref: BUY2384

Summary

Highly profitable, Popular & Semi-Under Management Sushi Restaurant nestled in a vibrant tourists hub of Gold Coast (Perfect for 491 & 188a applicant)

Net Profit

$150,000 pa

About the Business

​Prominent, profitable & close to under management Sushi business in the bustling tourists hub of Gold Coast. This business offers robust business models, well-established brand recognition, and exceptional food quality.

It is located in one of the beloved suburbs of Gold Coast, surrounded by holidays apartments and busy shops with substantial foot traffic. The strategic placement guarantees a steady stream of customers, ensuring consistent foot traffic and maximising revenue potential.

The business has been designed to be very easy to operate by a Japanese founder six years ago with proprietary recipes which attracted and retained a sizeable loyal customer base.

Present owner took over one year ago in the hope to use this as nominated business for his SBO 491 visa application, but his plan failed due to wrongly setup of the owning entity's directorships, hence the offload. Consequently this business is suitable for 491 & 188A Visa applicants.

Weekly income averaged $12,000 (lowest $9K and highest $15K). Owners only works there to kill their boredom (Appropriately 10 hours per week). The shop has a long lease till 2033 and a weekly rent of $2200/week (inclusive). The owners are enjoying an annual netting of $150,000+ (including their wages whilst they only perform 10 hours of work weekly).

This business boasts a strong presence within the local community and beyond, this popular Sushi restaurant has become the "go-to destination" for sushi enthusiasts seeking an authentic dining experience. Meticulous attention to detail, commitment to quality, and a dedicated team of experienced professionals under the management of a full time Manager/Chef have helped to develop this business as a trusted and renowned name in Gold Coast.

This business is perfectly suitable for 188a and 491 visa applicants.

Contact

Henry Chow

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