FOR SALE
$600,000 + SAV

Contact Agent For Address
Broadbeach QLD 4218

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Restaurant and bar with substantial net profit

Summary
Are you looking for the easy operation business with great cash flow? Then, this is just perfect for you.
About the Business
This is a unique opportunity to acquire a highly acclaimed and well-established high-end bar and restaurant in the vibrant and upscale location of Broadbeach. The business has been operating successfully for several years and has built a strong reputation for its exceptional dining experience, luxurious ambiance, and attentive service. With its prime location and loyal customer base, this business offers significant growth potential for the right buyer.
Key Features:
Prime Location: Situated in the heart of Broadbeach, the bar and restaurant benefits from high foot traffic and excellent visibility. It is located in a popular entertainment precinct, surrounded by luxury hotels, residential complexes, and major attractions.
Exquisite Dining Experience: The bar and restaurant is renowned for its sophisticated menu featuring a fusion of contemporary and traditional cuisine, crafted with the finest ingredients. The elegant interior design creates a welcoming and stylish atmosphere, perfect for intimate dining or social gatherings.
Fully Licensed: The business holds all necessary licenses, including a liquor license, ensuring the smooth operation of the bar and restaurant. It offers an extensive selection of wines, spirits, and cocktails, attracting a discerning clientele seeking a premium dining and beverage experience.
Strong Customer Base: The business has developed a loyal customer base of locals, tourists, and corporate clients who appreciate the quality of food, exceptional service, and luxurious ambiance. With a solid reputation for excellence, the bar and restaurant consistently receives positive reviews and testimonials.
Experienced and Dedicated Staff: The business has a highly skilled and experienced team in place, including talented chefs, professional waitstaff, and knowledgeable bartenders. The staff members are committed to delivering exceptional service and maintaining the business's impeccable standards.
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Property Details for Contact Agent For Address, Broadbeach

Building Type
Commercial

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About Broadbeach 4218

The size of Broadbeach is approximately 1.5 square kilometres. It has 6 parks covering nearly 27.2% of total area. The population of Broadbeach in 2011 was 4,613 people. By 2016 the population was 5,513 showing a population growth of 19.5% in the area during that time. The predominant age group in Broadbeach is 20-29 years. Households in Broadbeach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Broadbeach work in a professional occupation. In 2011, 40.2% of the homes in Broadbeach were owner-occupied compared with 40.6% in 2016.

Broadbeach has 8,856 properties. Over the last 5 years, Houses in Broadbeach have seen a 92.32% increase in median value, while Units have seen a 91.10% increase. As at 31 October 2024:

  • The median value for Houses in Broadbeach is $1,614,331 while the median value for Units is $1,059,793.
  • Houses have a median rent of $750 while Units have a median rent of $750.
There are currently 118 properties listed for sale, and 24 properties listed for rent in Broadbeach on OnTheHouse. According to CoreLogic's data, 493 properties were sold in the past 12 months in Broadbeach.

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Contact agent
Leo Vollmerhause
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Oxbridge Property Group
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