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Locals Go-To Chinese Restaurant

Gold Coast QLD, Australia
Restaurant / Business For Sale
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Summary

This popular Chinese restaurant is a long-standing local’s & celebrity favourite. Since opening its doors in the early 2000’s this restaurant quickly became famous for its genuine high-quality food.

Revenue

$563,000 pa

Net Profit

$125,000 pa

Location Details

Northern Gold Coast, South Brisbane
Situated on busy main road in the Northern end of the Gold Coast. In proximity to high net worth suburbs as well as more family-oriented suburbs.

Potential

This restaurant could make several adjustments to further the success of the business-
• Offer delivery service to surrounding neighbourhoods
• Partner with uber eats/ Deliveroo and service a larger delivery area.
• Extend trading hours and offer longer lunch & dinner sittings.
• Update menu to include seasonal menu offerings.

Hours

Monday – Sunday 12pm – 1.45pm, 5pm-8pm

Lease

Current lease secured until April 2020 with further options available

Employees

Husband and wife (owners) both work in the business with 4 casual employees

Reason for Sale

Owners wishing to retire

About the Business

This Chinese Restaurant is a reputable dine in or takeaway restaurant with a proven track record of great customer service and quality food. This is proudly stated by customers across social media platforms & review sites including numerous celebrities calling the current owners’ friends.

The restaurant is well run by a husband & wife team with part time/ casual employees in place. A new owner can be adopted by the current loyal customers and become known in their own right amongst the celebrities choosing to dine here.

The restaurant is located in a prime location allowing customer easy access to parking and great street exposure to passing traffic.

The owners have built a very good reputation in the local market with very high ratings on Facebook, Google and trip advisor searches. Service and quality of food is superb.

It's a fantastic opportunity for a family business. Great turnover for a small footprint keeping rent low and no restriction for operation.

The restaurant’s kitchen is fully equipped with 2 cold rooms, 4 wok burners and 4 gas hotplates. All kitchen utensils are included in the sale of the business.

A liquor licence can be applied as well to increase profit.

Key Points
• Long-running established Chinese restaurant
• Great online reviews & overall reputation
• Seats up to 40 customers
• Locals go-to Chinese Restaurant
• Lease secured until April 2020 with further options available
• Versatile fit-out with all equipment owned and included.
• Trading 7 days a week
• Regular and loyal customer base

This restaurant presents a unique opportunity for a restaurant operator to take over this fantastic location, with everything you need to run a successful restaurant with no more spending required.

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Member since 27/11/2019

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Listing Details

  • Price Comments
  • Contact Broker
  • Status
  • Business For Sale
  • Business Type
  • Restaurant
  • Sales
  • $563,000 pa
  • Net Profit
  • $125,000 pa