A sought after location under full management

(no street name provided), Main Beach QLD 4217

$420,000 Plus SAV

BusinessSize: n/a
On a prized location, in bustling Main Beach, this restaurant is a popular local dining destination consistently exceeding $21,000 per week.

A long-standing dedicated management team, a simple formula, and cheap rent, make this an extremely attractive proposition for those looking to invest in a restaurant that runs itself.

Recently refurbished to modernise the interior dining room, and capitalise on the delightful outdoor dining space, there's no more to spend.

Open seven days a week for lunch and dinner, the establishment promises a haven for food enthusiasts seeking a slice of authenticity. A well executed Italian menu ensures consistency, broad appeal, and impressive margins.

Set beneath a green canopy, discover why this restaurant has become so cherished in Main Beach's culinary landscape. If you like to keep it simple, this may well be what you have been looking for.

Lease Details
Expires August 2025 + 5 year Option
4% Increases with Market Review at exercising of the option

Premises Details
Approximately 80m2 + generous external dining. A recent refurbishment investment of $50k.

Staff Details
One full time Chef, one full time Manager and 17 part time/casual staff.

Opening Hours
7 Days a week 12noon 9pm

Opportunity
On a street with a booming breakfast trade, why not expand your hours?

**Weekly**
Sales $21,000
Rent $1,587
Wages $7,359
Net Profit 21%

Inspections

No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.

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Contact Matt Lane to learn more about this property, request an inspection or take an online tour.

Key details

Property type:
Business

Other Details

Property history

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Main Beach suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
57 years
Population
3,998
Listing ID: 182528201. This listing has been viewed 0 times. It was first displayed on 16/05/2024 and last updated on 03/06/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.