Radici Pasta House, 2/99 Griffith Street,
Coolangatta, QLD 4225

LEASEHOLD - Situated in Coolangatta, QLD, Australia

Asking Price: $$$ Offers to purchase
Sales Revenue: Available on request
Cash Flow: Available on request

This is a rare opportunity to purchase one of Coolangatta's premium restaurant businesses. It is a well-respected and self-sustainable restaurant that is ready for any new owner to reap the rewards. Recently ranked 3rd in the prestigious Top 10 Gold Coast Restaurants rated by "Open Table" in May 2024.

High revenue authentic Italian restaurant focusing on outstanding product quality and processes, low cost of goods with the implementation of simple, fresh, and quality ingredients, and sophisticated atmosphere with the business and its staff members delivering a unique dining experience that keeps locals asking for more.

Located in trendy seaside Coolangatta, the restaurant is part of a residential complex, surrounded by other retailers bringing high foot traffic and visibility to the location, and with a seating capacity of 90 patrons across a total inside and outside area of approx. 140 square meters.

Situated in a prime location along the busy tourist strip on Griffith Street, this is an opportunity not to be missed. Seaside Coolangatta continues to be one of the prime lifestyle & tourist destinations in Australia (one of only three North-facing beaches in Australia) and this is the perfect time to secure a piece of it.

This unique restaurant is situated in the heart of a busy, sought-after business district. This one-of-a-kind Italian restaurant stands out for its unique feature of milling its own flour from unbleached, organic grains. This restaurant specializes in authentic Italian cuisine to cater to a niche market of customers seeking genuine Italian flavors and dishes. Since opening in May 2019 it has become a notable and distinct dining establishment in the area.

The business runs under owner management with an experienced team of 6, divided between the kitchen and front of the house, including a Head Chef and Restaurant Manager.

This opportunity offers a very attractive return on investment.

Genuine reason for sale.

HIGHLIGHTS:

- Established in May 2019 with a lease expiry date on the 12/27 and +4 years option
- Reasonable rent
- Top online ratings and true local favourites serving authentic Italian classics & organic wines
- Experienced team of 6 including a Restaurant Manager & Head Chef
- Genuine reason for sale
- Open 7 nights a week from 5pm to 11 pm for dinner trade only
- Opportunity to open for breakfast and lunch
- Indoor as well as Council approved street dining
- Customers can choose to sit inside and enjoy the cozy ambiance or dine al fresco
- Fully equipped kitchen and bar to cater for any cuisine
- Great fit-out with seating capacity for 90 people
- Premium location on one of Coolangatta's prime streets
- Phenomenal turnover and net profit
- Revenue increase year on year
- Outstanding reputation amongst local and visitors

Owner is motivated to sell after a short period, due to another business venture opportunity on offer to him.

Inspection will impress any hospitality operator.

To embark on this remarkable journey, kindly contact the listing agent.

A Confidentiality Agreement must be completed before further information will be disclosed.

For full details contact Exclusive Commerical Marketing Agent, Peter Antony.


Disclaimer:
All information contained herein is gathered from sources we believe to be reliable.  DJ Stringer Property Services Pty Ltd and its staff will not be held responsible for any act or omission arising from the accuracy of such material. We cannot guarantee its accuracy and interested persons should rely on their own enquiries. Such enquiries should include, but in no way limited & directed, to your legal representative, any local authorities, the Contract of Sale and in the event of a Unit, Strata Title or Community Title, refer to the Body Corporate, Community Management Statement & Disclosure Statement for any information on the property, Common Property & Exclusive use areas, that may directly or indirectly affect this property.