Restaurant and Sports Bar, EC Sunshine Coast
About this business for saleRestaurant and Sports Bar, EC Sunshine Coast
Situated in a very popular holiday destination, this very well-known, established profitable business has one of the best views on the Sunshine Coast.
The business is very well supported by both locals and tourists and it thrives during holiday seasons. Catch all the sports action on the big screens, enjoy the atmosphere of themed evenings and live music or dine in style in the restaurant or on the deck. The restaurant area accommodates up to 100 diners.
It has been owner run for over seven years and there are well trained supporting staff. A unique opportunity has been created for a serious buyer with the owner’s decision to relocate and focus on other business interests.
The business operates from well-located leased premises where the lease is due for renewal in August 2018 with an option for an additional 3-years.
The asking price is R1,500,000 (excluding VAT and Stock).
This business has an annual net profit (EBPIDT) of approximately R744,000 and offers a return on investment of 49 % and/or a monthly payback of approximately 24 months.
For more information on this great opportunity, please contact the Listing Broker –
Neville Loader (071 327 5916)
+27 71 327 5916
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.