Two Iconic restaurants, one brand | Gold Coast

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Matt Lane
 

Summary

A beautifully branded, highly recognisable and profitable business

About the Business

A beautifully branded, highly recognisable and profitable business, these two venues are ripe for expansion. Both run under management, highly systemised with secure leases in place. The menu is of a high quality with little technical skill required saving thousands in labour. The owners have done all the hard work getting this ready for expansion and are ready to retire.

Staff No
The owners work behind the scenes.
Both venues have dedicated leaders and are run fully under management.

Lease Info
Combined rent under 10%.
Lease 1 - expiry 2033 plus 10 year option
Lease 2 - expiry 17/12/2029 (extension available subject to landlord approval)

Trading Times
Venue 1 -
Monday to Friday 8am to 2pm, 5 to 8pm
Saturday & Sunday 8am to 8pm

Venue 2 -
6 days - 8am to 2pm
Thursdays 8am to 2pm / 5.30pm to 8pm

Size of Premises
Venue 1 - Seats up to 160 - 220m2 - Ocean views.
Venue 2 - Seats up to 90 - 129 m2 internal with outdoor seating.

Opportunity
- Venue 2 launched in December 2023 - $1milion fit out.
- Expand on this iconic brand into Brisbane and beyond.
- Increase hours for dinner service.
- No competition in this market.
- Add weekend surcharge in line with competition.
- Incentivise the management team to drive down labour costs

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