Waterview Restaurant & Bar For Sale

Business description

There is no hiding the fact that this is the best restaurant/reception centre in Rainbow
Beach and undoubtedly one of the best positioned restaurants in Queensland.
Situated on the top of Cooloola Drive at Rainbow Beach adjoining the famous Carlo Sandblow, it is noted for the uninterrupted sea views that presents itself to all diners as they cherish the experience of fine wining & dining in the equally quality fitted out ambiance of this establishment.
It has won numerous Sunshine Coast Tourism Awards for its “Fine Dining”
The current owner has now decided to move on to other interests and is keen to find only the best chef to take over his dream restaurant and establish themselves in both business and pleasure of living in Rainbow Beach.
Don’t underestimate the pulling power of this establishment – it is very sought after for Weddings and Functions and will cater up to 100 people at a time.
With current figures indicating a turnover in the vicinity of $450,000 per year, it will be ideally suitable to the Husband and Wife Team that enjoys satisfying the multitude of Tourists and the Loyal Locals that frequent this great restaurant.
As a bonus – the current Liquor Licence is suitable for catering to functions anywhere – if you wish to have a reception on the beach/park/boat/Sandblow – no worries!! – just get approval and the drinks are supplied!
Nothing was spared with the fitout when the owner set up this business approximately 10 years ago. They have spent over $250,000 to establish only the best in Furniture, Fittings, Cooking Equipment, Refrigeration, Bar, Storage and Office. But don’t worry – you will not have to pay that much!! The owner is willing to negotiate on a Leasehold Basis – to the right chef.
And, if the conditions are also right – is willing to sell the Freehold for well below valuation to enable the Cashflow to extend to their next project. The price will be set at a very conservative figure which would allow the astute purchaser to pay any loan equal to the going lease on these premises.
Freehold available for $659,000