Floating Seafood Restaurant - Iconic Destination

Description

Business type: floating seafood restaurant and waterfront hospitality venue

Location: Gold Coast, Queensland

Trading history: approximately 2 years

Operating model: fully managed

Reported annual net profit: approximately $300,000

Asking price: $2,500,000 ONO + SAV, including vessels

Business overview

Established floating seafood restaurant operating from two fully refurbished timber trawlers on the Gold Coast.

The purpose-built venue attracts local, interstate and international customers, offering waterfront dining alongside wine dinners, live music and themed events.

The business operates under full management, with an experienced venue manager, chefs and wait staff in place.

Premises and assets

• Two refurbished timber trawlers valued at approximately $2.3 million
• Distinctive relocatable waterfront venue
• Purpose-built commercial kitchen and restaurant facilities
• Upgraded electrical, hydraulic and plumbing systems
• Purpose-built decks, roofing and customer areas
• Experienced management and hospitality team
• Established dining and event operations

Growth opportunities

• Expand private functions and corporate events
• Increase themed dining experiences and live entertainment
• Develop additional tourism and hospitality partnerships

Financials and sale

The seller reports approximately $300,000 in annual net profit under full management.

The operating business is valued by the seller at approximately $750,000, based on a 2.5 multiple of net profit, excluding the separate vessel valuations.

Asking price: $2,500,000 ONO plus stock at valuation, including both vessels.

Reason for sale: owner's other business commitments.

Confidential Information Memorandum and inspections available to interested purchasers.