THRIVING GOLD COAST SEAFOOD RESTAURANT IN PRIME LOCATION – $400K NET PROFIT!

Posted by: Peter Iffland | January 22, 2025

$600,000 plus Stock

Description

Thriving Gold Coast Seafood Restaurant in Prime Location – $400K Net Profit!

- Gold Coast QLD

Short Summary

Iconic Gold Coast seafood restaurant in landmark location, high profitability, and immense growth potential for a savvy buyer!

Key Selling Points

Established brand
Under Management
Passive Income
As close to Passive Income as you can get!
Flexible hours
Low Stock requirements
Low working capital requirements
Cashflow Positive
Cash-based
Cash Cow!
Non-hands on Owner
Long term Management and Staff in place
Strong year to year Sales
Strong year to year Profits
No Direct Competition
90% Repeat Work
Best Location
High foot traffic location
High visibility location
Can work remotely from anywhere in the world with access to Computer, Internet and Phone!

Looking to own a highly profitable restaurant in one of the most iconic locations on the Gold Coast? This well-established seafood restaurant, operating successfully since 2009, offers an unparalleled opportunity for motivated buyers.

Key Features:

Prime Location: Situated in a landmark corner building with maximum visibility and high foot traffic, near the main road.
Proven Profitability: Consistently generates $400,000 annual net profit under owner management, with significant potential for further growth.
Established Reputation: 14+ years of serving loyal locals and tourists, ranking as Queensland’s number one Groupon seller.
Flexible Ownership Options: Seller owns the property and is open to selling it along with the business for added investment security.
Cost Optimization Potential: New management with chef experience can further reduce labor costs and maximize profitability.
Turnkey Operations: Strong management team in place ensures smooth transition and ongoing success.
This restaurant combines prime location, a loyal customer base, and high profitability – a rare opportunity for any entrepreneur or investor ready to take over this thriving business!

Contact Charlie Xin 0406 251 126 | Peter Iffland 0425 216 162

Asking $600,000 plus Stock

Ref. no. BUY2463

Confidentiality Agreement

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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. (b) “Business” means the business referred to in this Confidentiality Agremeent and/or described in any Agreement. (c) “Property” means the property referred to in this Confidentiality Agreement and/or described in any Agreement. (d) “Seller” means the party described in any Agremeent between the Recipient and includes heirs, executors, administrators, successors and assigns; and in the event the Seller 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 Seller 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. (e) “Agent” means Business Classifieds Pty Ltd ATF Business Classifieds Trust. (f) Words denoting the singular include the plural and vice versa, words denoting individuals or persons include bodies corporate and vice versa, words denoting one gender include all genderss and references to documents or agreements also mean those documents or agreements as changed, novated or replace. (g) Grammatical forms of defined words or phrases have corresponding meanings. (h) Reference to the Recipient shall bind their heirs, executors, administrators, successors and assigns. (h) Obligations under the Confidentiality Agreement affecting more than one party bing them jointly and each of them severally. AGREEMENT: The Recipient ("I/We/Me/Us") agrees to the Confidentiality Agreement as follows: In consideration of the Agent agreeing to provide me/us directly or indirectly with information relating to any Business/Property presented to me, I/We hereby agree and undertake as follows: (1) I/We will hold and keep as strictly confidential all information, statements, opinion, forecasts and other matters of whatsoever nature, whether written or oral (“the Confidential Information”) except in so far as the same may be or become information in the public domain. (2) I/We will not disclose any of the Confidential Information to any employee or third party unless such employee or third party is specifically required to have knowledge of the same for purposes directly related to my/our consideration of the Business/Property. (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. (5) The Recipient must not in any manner whatsoever either directly or indirectly be concerned or interested in the Business/Property without the Agent's involvement. (6) I/We undertake to indemnify the Agent against any actions, proceedings, costs, claims, demands or liabilities which the Agent may suffer in consequence of any breach by me/us of the undertakings herein contained. (7) The obligations, covenants and undertakings contained in the Confidentiality Agreement shall continue in force without any limit in point of time. (8) I/we acknowledge the Agent does not adopt or endorse information provided by the Seller. (9) I/we agree and confirm that this electronic Confidentiality Agreement is enforceable. (10) I/We acknowledge that the Agent is the introducing agent and that all dealings with the Seller will be communicated through the Agent unless otherwise agreed in writing at a later date. 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Property Features

Real Estate Agent

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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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THRIVING GOLD COAST SEAFOOD RESTAURANT IN PRIME LOCATION – $400K NET PROFIT!

Description

Thriving Gold Coast Seafood Restaurant in Prime Location – $400K Net Profit!

- Gold Coast QLD

Confidentiality Agreement

Thank you!

Property Features

Real Estate Agent

Peter Iffland

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