AFFLUENT AND LONG ESTABLISHED ITALIAN RESTAURANT

Posted by: Alex Cernoy | April 1, 2022

$585,000

Description

Affluent and Long Established Italian Restaurant

- Gold Coast QLD

Short Summary

Long established in one of the most popular suburb of Gold Coast.
Great Historical Profitability
Short Operating Hours – Partially Under Management
Expansive Spaces -Indoor and Outdoor Dining Area plus Elegantly decorated Private Function Room
Great Lease with Good Option

Key Selling Points

Established brand
Passive Income
Flexible hours
Cashflow Positive
Long term Management and Staff in place
Strong year to year Profits
Low Rent
Long Term Lease in place
Clean business
Clean financials
Long-term Customers in place
High foot traffic location
High visibility location
Short Trading Hours
Proven trading through Covid
Ideal for 491 Visa

Short Hours – Current Owner Only Open For Dinner – Flexibility for new owner to operate extra hours to capitalise more profit
Business has been in same location for over 15 years, and loved by their customers.
This is the one of the fastest growing suburb on the Gold Coast
Great Rents for vast areas – indoor and outdoor seating, separated private function room and huge storage area.
Long-term lease with options in place.
Good social media exposure – great reviews on Google/ Tripadvisor
Business can show long and solid sales and profitability, they excelled even through Covid restrictions.

Contact Alex Cernoy 0459 424 777 | Peter Iffland 0425 216 162

Asking $585,000

Ref. no. BUY2151

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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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(3) In the event of my/our making any disclosure to any employee or third party, I/We undertake to procure that such employee or third party prior to such disclosure agree to be bound by the terms of the Confidentiality Agreement in writing prior to disclosure of the Confidential Information or any part thereof and a copy of such written acknowledgement shall be filed with the Agent immediately prior to such disclosure. (4) In the event that after consideration of the Confidential Information, I/We do not purchase or make an investment in the Business/Property, I/We will forthwith return the said Confidential Information together with any copies, notes thereof (or any part thereof) or any documents containing extracts reproduced there from made by or on behalf of us, and delete all electronic records. Furthermore, I/We will maintain the confidentiality of such information and not use the same for any purpose. 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Property Features

Real Estate Agent's

About
Bio
Recent Listings

Alex Cernoy

Business Sales Specialist

0459 424 777

Fluent English. Alex started as a business broker over 20 years ago. He has worked with major brokerages in South East Queensland during that time, as well as interstate. He has a corporate background in IT and Telecommunications (IT&T) having owned and managed various IT&T firms. Alex is very professional and experienced in all areas of business and looks after South-East Queensland including Brisbane and the Gold Coast. Alex has sold and consulted in mergers and acquisitions in excess $90 million which included major Lighting Distribution Businesses, Large Electrical contracting Businesses, and Major Tyre Businesses.

About
Bio
Recent Listings

Peter Iffland

Director/Business Broker

0425 216 162

Fluent English. Peter has brokered business deals since 2004 whilst passively managing an Import Wholesale business supplying to major retail chains including Harvey Norman, Furniture Court, Furniture One, Sleep Zone and Snooze. In 2018 Peter managed a Take-Away shop in Surfers Paradise and sold the business 12 months later for double his investment. Peter worked in corporate sales Sydney with Telstra including subsidiary companies RSL Com and Commander Systems, and for years remotely managed the family farm in Darwin NT before selling the business and freehold property to a Sydney Syndicate buyer in 2019. Peter is repeatedly told by Sellers and Buyers that he is tenacious at his job and constantly being poached to work for other companies! As a Director of Gold Coast Business Brokers, Peter is committed to making sure every business is sold and the best possible result is delivered to every client!

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AFFLUENT AND LONG ESTABLISHED ITALIAN RESTAURANT

Description

Affluent and Long Established Italian Restaurant

- Gold Coast QLD

Confidentiality Agreement

Thank you!

Property Features

Real Estate Agent's

Alex Cernoy

Peter Iffland

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