For Sale

Gold Coast QLD

Prime Waterfront Restaurant & Bar – $4.5 Million in Revenue

$1,100,000

Description

An exceptional opportunity to acquire one of the Gold Coast’s most renowned dining destinations. The restaurant is perfectly positioned in a prestigious precinct that is only ever offered to the very few, overlooking the stunning waterfront and surrounded by high-end retail, lifestyle, and hospitality operators.

This beautifully presented restaurant and lounge offers a sophisticated fit-out with elegant interiors, a stylish bar, and expansive indoor and outdoor seating options. Established and highly regarded brand with a loyal customer base.

• Stunning fit-out with no expense spared
• Licensed venue with bar and lounge area
• Indoor and alfresco dining with breathtaking views
• Ample parking and strong foot traffic within the lifestyle precinct

The venue has built a strong reputation for delivering premium dining and exceptional service, making it a destination for locals, tourists, and special occasions alike.

With everything in place for a smooth transition, this is an outstanding opportunity for an experienced operator or hospitality group to step into one of the Gold Coast’s premier restaurants and take it to the next level.

Staff No

Restaurant and Bar Manager, Head Chef and 12 Kitchen staff and 15 front of house staff approx.

Lease Info

Expiry - 31st of December 2028 with 3 x 5 year options 4% rent reviews – 6 months Bank Guarantee

Trading Times

11.30am – 10.00pm - 7 days a week

Size of Premises

Approx. 405 square metres. - Toilet, Full commercial kitchen and store room. Outdoor seating area. Centre Carpark

Opportunity

Open for breakfast trade and expand the menu. The current operation is profitable and established. However, there are several untapped growth opportunities available for an incoming operator to further increase turnover and profitability, particularly in events, extended trading hours, and leveraging the precinct’s growing profile.

Weekly Sales & Turnover

Turnover (inc GST)

$89,635

Rent

$12,105

Reference No: MLEW1017

Business Listed by

Matt Lane

Hospitality Consultant and Sales Consultant (Gold Coast) @ GSE Hospitality Brokers

Born and raised in Melbourne, Matt Lane began his hospitality career at a very early age cleaning out fried chicken vats at Ollies Trollies, Glenferrie Rd Malvern and working occasional shifts in family-owned pubs.

Matt held management positions in much-loved Melbourne cafes, clubs and restaurants and was managing consultant for the build and opening operations of two successful restaurants and bars; from the mid to late 90’s.

In 1998 Matt relocated to the Byron shire, NSW and in 2000 transformed an old house into a highly successful café, wine bar and restaurant in Mullumbimby. After 8 years in Byron Shire Matt relocated to NYC as GM of a wildly successful Mexican Restaurant, Bar, Café and Taqueria.

Matt returned to Melbourne in 2009 and opened Mamasita Mexican, followed by a second venture, Hotel Jesus in 2016. After running them remotely for the past 4 years (yes it can be done!); he recently sold both venues, allowing space to take on more consultancy and exit strategy projects.

Just prior to the departure from Melbourne, Matt took on a consultancy CEO role for 100 Burgers Group, which involved restructuring and conceptualising several venues within the portfolio.

In 2021, Matt and his family relocated to Currumbin, Queensland.

Matt has consulted and managed for a variety of hospitality venues over his 30-year career and, as such has negotiated Landlord / Tenant requirements, Commercial Leases, Permits and Approvals. With strengths in areas of recruitment, expense management, design and marketing, Matt thrives in assisting those to realise their full potential, working with existing infrastructure and implementing systems.

With a lifetime dedicated to Hospitality and a keen eye for local and emerging trends, Matt is excited to assist others in both the growth of their current business, exit planning and expansion.

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The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

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