SEMI-UNDER MANAGEMENT (OWNER 10 HOURS WORK/WEEK), PROFITABLE & THRIVING SUSHI RESTAURANT IN THE TOURISTS HUB OF GOLD COAST (PERFECT FOR 491 & 188A)

Posted by: Henry Chow | March 25, 2024

$198,000

Description

Semi-Under Management (Owner 10 hours work/week), Profitable & Thriving Sushi Restaurant in the Tourists Hub of Gold Coast (Perfect for 491 & 188A) Suburb Gold Coast QLD Price $250,000 + SAV (Negotiab

- Gold Coast QLD

Short Summary

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

Key Selling Points

Under Management
Passive Income
Short hours
Low Overheads
Cashflow Positive
Cash Cow!
Long term Management and Staff in place
Strong year to year Sales
Strong year to year Profits
Low Rent
Long Term Lease in place
Simplistic business
Clean business
Long-term Customers in place
80% Repeat Work
Best Location
High foot traffic location
High visibility location
Ideal for 491 Visa

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 0421 040 857 | Amy Wan 0498 229 813

Asking $198,000

Ref. no. BUY2384

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CONFIDENTIALITY AGREEMENT. Interpretation: (a) "Recipient" means the party referred to in this Confidentiality Agreement and includes all parties described in any Items Schedule and/or Contract of Sale, and/or Heads of Agreement, and/or Purchase Agreement, and/or Deed, and/or any Agreement which results in the Recipient, and/or heirs, and/or executors, and/or administrators, and/or successors and/or assigns either directly or indirectly having any consideration and/or interest in the Business and/or Property (hereinafter referred to as "Agreement"); and in the event the Recipient uses a new or related legal entity, or has a change in identity or name; or a Controller, or Liquidator, or Administrator, or Trustee, or Executor is appointed, then the Recipient shall refer to the new or related legal entity, change in identity or name, or the Controller, Liquidator, Administrator, Trustee, or Executor as the case may be. 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Property Features

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About
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Henry Chow

0421 040 857

Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!

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Bio
Recent Listings

Amy Wan

0498 229 813

Fluent English, Cantonese, Mandarin. Amy started her property consultancy career in 2001 and worked with a very prominent real estate agency with over 500 branches across China. During that time, she was based in Shenzhen China and was fortunately and repeatedly selected as the “best saleswoman of the year”. Amy started her own Real Estate business in 2005 and had two branches in one suburb in Shenzhen with around 30 sales persons working for her. She successfully built up the business to being one of the major players in the area with annual turnover of approx. AUD$2million. Her working philosophy is to nurture rapport with all her buyers and sellers and continuously connect with them even long after their related sales transactions are finished. Besides, she always likes to help them with non-business matters and treat them like her friends. As a result, she has successfully built up a network of connections with most of her businesses based on referrals. Amy has a deep and well connected network within the Chinese community both locally and abroad and seems to magically find buyers for every business whether it’s for her own client or one of our other team members! Amy is a highly motivated person and looks forward to helping connect you with the right results.

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SEMI-UNDER MANAGEMENT (OWNER 10 HOURS WORK/WEEK), PROFITABLE & THRIVING SUSHI RESTAURANT IN THE TOURISTS HUB OF GOLD COAST (PERFECT FOR 491 & 188A)

Description

Semi-Under Management (Owner 10 hours work/week), Profitable & Thriving Sushi Restaurant in the Tourists Hub of Gold Coast (Perfect for 491 & 188A) Suburb Gold Coast QLD Price $250,000 + SAV (Negotiab

- Gold Coast QLD

Confidentiality Agreement

Thank you!

Property Features

Real Estate Agent's

Henry Chow

Amy Wan

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