Premium Restaurant With Huge Foot Traffic and Growth Potential

- Gold Coast QLD

Short Summary

Asian street food inspired restaurant with full liquor license and one of the best fitouts around.

Key Selling Points

• Low Rent
• Long Term Lease in place
• High foot traffic location
• High visibility location
• Ideal family business with opportunities to take holiday periods off!

Located on a very busy, main road right in the Heart of Surfers Paradise. Brand new fitout with no expense spared. There is a major Sports Bar currently being fitted out right next door and to be completed around October. $,9000,000 is being spent on the fitout next door, so this gives you an indication of what is about to happen in this area.

Even through the work going on next door, business has still been doing really well turning over around $50,000 per month.
It has a brand new full fitout from top to bottom, and a loyal local customer base loving the simple Asian street food and Beer.
The seller will consider some vendor finance to the right applicant so this shows confidence that the owner backs this business to pay any vendor finance back. The seller will also be happy to stay on and help for as long as you need, but the menu is simple and cooks are already in place.
There is nothing more to do here, so get in quick before Xmas and cash in over the holidays.

This is a must inspect situation. You will never find a business like this, literally being sandwiched between two mayor businesses that bring thousands of feet to your door. The seller predicts that when the Sports Bar does open next door, they will see a significant increase and possible doubling of the turnover.

Contact Peter Iffland 0425 216 162 | Rumsha Mahmood 0489 226 470

Asking $285,000

Ref. no. BUY2497

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

"*" indicates required fields

Please specify which business/es you are interested in (please insert Ref. Code/s if known e.g. BUY2000)*

Please provide your name hereinafter referred to as "Recipient"*

First

Last

Email*

Mobile*

Address*

Street Address


City


State / Province / Region


ZIP / Postal Code

AfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBoliviaBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCabo VerdeCambodiaCameroonCanadaCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos IslandsColombiaComorosCongoCongo, Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzechiaDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaFalkland IslandsFaroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly SeeHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMacaoMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesiaMoldovaMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorth MacedoniaNorthern Mariana IslandsNorwayOmanPakistanPalauPalestine, State ofPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarRéunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint MartinSaint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint MaartenSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwedenSwitzerlandSyria Arab RepublicTaiwanTajikistanTanzania, the United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTürkiyeTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUS Minor Outlying IslandsUzbekistanVanuatuVenezuelaViet NamVirgin Islands, BritishVirgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe
Country

What investment range are you comfortable with?*

$50,000 to $100,000

$100,000 to $200,000

$200,000 to $300,000

$300,000 to $400,000

$400,000 to $500,000

$500,000 to $600,000

$600,000 to $700,000

$700,000 to $800,000

$800,000 to $900,000

$900,000 to $1mil

$1mil to $2mil

$2mil to $4mil

$4mil to $6mil

$6mil to $8mil

$8mil to $10mil

$10mil to $15mil

$15mil to $20mil

$20mil to $30mil

Other

Please specify the investment range you are comfortable with.*

What is your business experience?*

What business/es do you currently or have you previously owned?*

What is your ideal business?*

CONFIDENTIALITY & NON-CIRCUMVENTION AGREEMENT. Parties: This Agreement is made between Business Classifieds Pty Ltd (ACN 130 005 426) ATF Business Classifieds Trust ("the Agent"), and The undersigned recipient ("the Recipient"). (1) Interpretation: For the purposes of this Agreement: "Business/Property" means the business and/or assets and/or property referred to by the Agent and/or described in any document, advertisement, memorandum, or agreement provided by the Agent. "Confidential Information" means all information, documents, data, forecasts, statements, and material (whether written, verbal, or electronic) disclosed by the Agent or the Seller in connection with the Business/Property, excluding information which is in the public domain other than through a breach of this Agreement. "Seller" means the party who owns or controls the Business/Property, and includes their heirs, executors, administrators, successors, assigns, or any related entity. "Recipient" means the individual or entity receiving Confidential Information, and includes its officers, employees, advisors, agents, representatives, successors, and assigns. Words denoting the singular include the plural and vice versa. Obligations bind parties jointly and severally. (2) Confidentiality Obligations: The Recipient agrees: (a) to keep all Confidential Information strictly confidential; (b) not to disclose any Confidential Information to any person without the prior written consent of the Agent, except to professional advisors (lawyers, accountants, or financiers) who require such information for the purpose of assessing the Business, provided such advisors are also bound by equivalent confidentiality obligations; and (c) to return or permanently delete all Confidential Information, including any copies, notes, or electronic records, upon request or immediately upon the Recipient electing not to proceed with the acquisition of the Business. (3) Non-Circumvention & Commission Protection: (a) The Recipient acknowledges that the Agent is the introducing party and the effective cause of all dealings with the Seller, (b) The Recipient agrees not to approach the Seller, directly or indirectly, or attempt to negotiate, purchase, lease, invest in, or otherwise acquire any interest in the Business/Property, except through the Agent, unless otherwise agreed in writing by the Agent, (c) The Recipient must not: (i) bypass, avoid, or circumvent the Agent in any dealings with the Seller; (ii) assist any other party to do so; or (iii) take any action that interferes with or diminishes the Agent's entitlement to commission, (d) If the Recipient, or any related entity, nominee, associate, or advisor of the Recipient, acquires any interest in the Business/Property, whether directly or indirectly, the Recipient agrees the Agent is deemed to be the effective cause of the transaction and the Agent's full commission is payable by the Seller in accordance with their agency agreement, (e) If the Recipient is found to have breached this clause, the Recipient agrees to indemnify the Agent against any loss, commission, costs, or damages suffered as a result of such breach.*

I/We Agree to the Confidentiality and Non-Circumvention Agreement

ANTI-MONEY LAUNDERING (AML) & COUNTER-TERRORISM FINANCING (CTF) AGREEMENT. Anti-Money Laundering & Counter-Terrorism Financing. The Recipient acknowledges that the Agent is a reporting entity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) ("AML/CTF Act") and is required to conduct customer due diligence as a condition of providing its services. (1) The Recipient agrees to: (a) provide accurate and complete information to enable the Agent to verify the Recipient's identity and, where required, the identity of any beneficial owner or controlling person on whose behalf the Recipient is acting; (b) disclose the intended source of funds for the proposed acquisition; (c) provide supporting documentation evidencing the source of funds and/or source of wealth upon request by the Agent; (d) disclose whether the Recipient is, or is associated with, a Politically Exposed Person (PEP) or is listed on any sanctions register; (e) promptly provide any additional verification documents reasonably requested by the Agent to satisfy its obligations under the AML/CTF Act or any related legislation. (2) The Recipient confirms that all information provided to the Agent is true, accurate, and complete, and acknowledges that the Agent may be unable to provide services, or may be required to suspend or terminate services, if satisfactory customer due diligence cannot be completed. (3) The Recipient acknowledges that the Agent is prohibited by law from disclosing certain compliance-related actions, including the filing of any Suspicious Matter Report (SMR) with AUSTRAC, and the Recipient agrees not to take any action that may impede the Agent's compliance with its legal obligations.*

I/We agree with the terms of this agreement.

AML/CTF CUSTOMER DECLARATION: The Recipient acknowledges that the Agent is a reporting entity under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and is required to verify customer identity and assess transaction risk before providing services. Identity & Beneficial Ownership.*

The Recipient is acting on their own behalf

The Recipient is acting on behalf of a third party or entity

If on behalf of a third party or entity, provide full name and relationship:*

The intended source of funds for this acquisition is (select all that apply):*

Personal savings

Bank/finance

Business proceeds

Sale of asset

Inheritance or gift

Other

Please provide details of your other source of funds.*

Are any funds sourced from outside Australia?*

No

Yes

If part or all of the funds is sourced from outside Australia, please specify the Country of origin (e.g. China):*

Is the Recipient, or any person associated with this acquisition, a Politically Exposed Person or listed on any sanctions register?*

No

Yes

If you answered yes to the previous question, please provide details.*

In accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Agent is required by law to verify the identity of all parties before providing services, and cannot proceed until satisfactory identity documents have been received. The Recipient must upload clear, legible photographs of FRONT OF PHOTO ID — showing full name, date of birth, photo, and document number (e.g. driver's licence or passport).*

FRONT OF PHOTO ID. The name on the identity document must match the name under which this Agreement is being executed. Documents must be current and not expired. The Agent reserves the right to request alternative or additional identity documents if those provided are unclear, expired, or insufficient to meet its verification obligations.

Accepted file types: jpg, gif, png, pdf, jpeg, tiff, webp, avif, Max. file size: 10 MB.

In accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Agent is required by law to verify the identity of all parties before providing services, and cannot proceed until satisfactory identity documents have been received. The Recipient must upload clear, legible photographs of BACK OF PHOTO ID — showing additional details (e.g. residential address).*

BACK OF PHOTO ID

Accepted file types: jpg, gif, png, pdf, jpeg, tiff, webp, avif, Max. file size: 10 MB.

In accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Agent is required by law to verify the identity of all parties before providing services, and cannot proceed until satisfactory identity documents have been received. The Recipient must upload clear, legible photographs of SELFIE HOLDING YOUR PHOTO ID — the Recipient and Photo ID must be clearly visible alongside each other in a single photograph taken in good lighting.*

SELFIE HOLDING YOUR PHOTO ID

Accepted file types: jpg, gif, png, pdf, jpeg, tiff, webp, avif, Max. file size: 10 MB.

Sample Selfie Photo holding Photo ID

Selfie (the Recipient and Photo ID must be clearly visible alongside each other in a single photograph taken in good lighting).

The Recipient acknowledges and confirms that:*

Select exactly 4 choices.

all information provided above is true, accurate, and complete;

funds used in this acquisition are from a legitimate source and do not involve proceeds of crime; and

the Recipient will promptly provide any additional identity or source of funds documentation reasonably requested by the Agent.

the Agent may decline to provide services if satisfactory due diligence cannot be completed, and is prohibited by law from disclosing the filing of any Suspicious Matter Report (SMR) with AUSTRAC.

Privacy Consent & Collection Notice: Before signing this Agreement, the Recipient is advised that the Agent will collect personal information from the Recipient, including identity documents, source of funds information, and related data ("Personal Information"), for the following purposes: (1) verifying the Recipient's identity in accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth); (2) assessing the Recipient's suitability as a prospective purchaser; and (3) disclosing information to AUSTRAC or other regulatory authorities where required by law. The Recipient has the right to access and correct their Personal Information by contacting the Agent. The Agent's Privacy Policy is available at https://goldcoastbusinessbrokers.com.au/privacy-statement/. By signing below, the Recipient expressly consents to the collection, use, storage, and disclosure of their Personal Information for the purposes set out above.*

I/We have read and understood the above Privacy Collection Notice and expressly consent to the collection and use of my/our Personal Information as described.

I/We consent to receiving marketing communications from Business Classifieds Pty Ltd ATF Business Classifieds Trust, including new business listings, investment opportunities, and industry updates, by email and/or SMS. This consent is optional and is not a condition of receiving the Agent's services. The Recipient may withdraw this consent at any time by contacting the Agent or clicking unsubscribe on any marketing communication.

I/We consent to receiving marketing communications from Business Classifieds Pty Ltd ATF Business Classifieds Trust, including new business listings, investment opportunities, and industry updates, by email and/or SMS. This consent is optional and is not a condition of receiving the Agent's services. The Recipient may withdraw this consent at any time by contacting the Agent or clicking unsubscribe on any marketing communication.

Thank you!

Don't miss out on business opportunities by following us on Facebook, Instragram and LinkedIn!

Submit

Δ