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Overview
This licensed Chinese restaurant is a well-established business located in Broadbeach on the Gold Coast Highway, opposite The Star Casino. Having served the community for over 15 years, it presents an excellent investment opportunity for entrepreneurs or investors seeking a solid commercial venture.
The restaurant benefits from a high weekly turnover, exceeding $10,000, which reflects the strong customer base and consistent demand. Operating with low overheads, including rent just over $1,000 per week, this business is a viable and potentially lucrative option for new owners.
Management of the business is straightforward, with the opportunity for a husband and wife team, supported by two casual staff members, to efficiently run operations and maintain profitability. The business's established reputation and streamlined staffing needs enhance its appeal and ease of transition.
Its prime location is noteworthy for being highly prominent and visible, positioned near the beach, which attracts strong seasonal trade especially during holiday periods. This accessibility and constant flow of visitors contribute to steady business activity and potential growth.
Local Market Insights
In Gold Coast, Quiet Listings observed 30 new commercial properties entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $2,632,567. The property type mix of listed properties is predominantly Houses at 44%, followed by apartments (26%), and townhouses (11%). Ray White was the most active agency monitored, representing 25.4% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Broadbeach QLD 4218
Market Insights for Broadbeach QLD 4218
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
