Altitude on Montville Restaurant - Business for
Sale #3683

Industry: Accommodation/Tourism - Hotel, Food/Hospitality - Alcohol/Liquor, Food/Hospitality - Restaurant | Listed by: ABS Business Sales
Key Strengths
About this business
Luxury in the Hinterland

This beautifully fitted out and appointed restaurant and Function facility, is the centrepiece of this First class Boutique Hotel.

Positioned at Montville with beautiful views of the Sunshine Coast hinterland and seascape.

The luxurious mix of 23 Studio suites and 2 & 3 bed apartment, boasting private balconies, large double spa bath and eco fireplace, this is seen as one of the Sunshine Coasts most popular venues for modern and on trend dining throughout the day, along with wedding and function receptions.

Fully licensed throughout, the 120 seat restaurant has seating inside for 60, 40 mezzanine and an additional 20 out the front of the hotel, with the addition of a 60 seat Wine Cellar style function room downstairs.

This is home to the latest in contemporary Wedding Receptions, Functions, Fine dining and Five-star accommodation.

The huge opportunity for an experienced couple, or another established restaurant business to expand their existing brand and take ownership of the complete Food & Beverage business offering a long term lease from the owners of the Hotel, which opened in January 2017, currently trading at 60% rooms occupancy in 2018.

This newly fitted out business, offers breakfast, lunch and dinner currently 5 days a week ( Wednesday to Sunday) turned over $ 790,000 in the 2017 calendar year, with a very strong Net Profit achieved.

New lease arrangement to be created for new owner at $1500 per week, as owner owns the freehold. Owners welcome initial support in this area.

No water charges, as bore and filtration system on site.

Current average spends in restaurant at $ 80 for Dinner, $55 for Lunch and $25 for Breakfast

Excellent staff and owner hands on involvement, who want to work with you and make you a part of the family, to achieve a great ROI for all. Lovely well trained staff FOH & BOH who really enjoy coming to work each day, why wouldn't you with a view they have!

Already signed up and deposits paid for weddings and functions for first 6 months of 2019

The opportunity exists for a couple, to relocate for a sea change, to the perfectly positioned busy 5 Star Premium Hotel, whether you are a previous chef or couple who can take the restaurant and function business to the sky is the limit

Asking Price: $ 60,000 + SAV

To find out more information about this business for sale, please complete the confidentiality agreement quoting reference number: MB 3683
https://absbusinesssales.com.au/confidentiality-agreement

Broker: Mark Kitson| E: mark@absbrisbane.com| P: 0405 293 644

Head Office | P: 07 3368 4010| E: reception@absbrisbane.com
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Business Name / Ref #:
Contact Advertiser
Location:
Montville
QLD
Asking Price:
$60,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
Trading Hours:
Website:
Contact Details:
0733684.....
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Advertiser Details

South East Queensland's Leading Business Brokers
Location: Level 1 Unit 3 25 Railway Terrace
Milton, Queensland
4064, Australia

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Altitude on Montville Restaurant - Business for Sale #3683 ListingImage
About this business
Luxury in the Hinterland

This beautifully fitted out and appointed restaurant and Function facility, is the centrepiece of this First class Boutique Hotel.

Positioned at Montville with beautiful views of the Sunshine Coast hinterland and seascape.

The luxurious mix of 23 Studio suites and 2 & 3 bed apartment, boasting private balconies, large double spa bath and eco fireplace, this is seen as one of the Sunshine Coasts most popular venues for modern and on trend dining throughout the day, along with wedding and function receptions.

Fully licensed throughout, the 120 seat restaurant has seating inside for 60, 40 mezzanine and an additional 20 out the front of the hotel, with the addition of a 60 seat Wine Cellar style function room downstairs.

This is home to the latest in contemporary Wedding Receptions, Functions, Fine dining and Five-star accommodation.

The huge opportunity for an experienced couple, or another established restaurant business to expand their existing brand and take ownership of the complete Food & Beverage business offering a long term lease from the owners of the Hotel, which opened in January 2017, currently trading at 60% rooms occupancy in 2018.

This newly fitted out business, offers breakfast, lunch and dinner currently 5 days a week ( Wednesday to Sunday) turned over $ 790,000 in the 2017 calendar year, with a very strong Net Profit achieved.

New lease arrangement to be created for new owner at $1500 per week, as owner owns the freehold. Owners welcome initial support in this area.

No water charges, as bore and filtration system on site.

Current average spends in restaurant at $ 80 for Dinner, $55 for Lunch and $25 for Breakfast

Excellent staff and owner hands on involvement, who want to work with you and make you a part of the family, to achieve a great ROI for all. Lovely well trained staff FOH & BOH who really enjoy coming to work each day, why wouldn't you with a view they have!

Already signed up and deposits paid for weddings and functions for first 6 months of 2019

The opportunity exists for a couple, to relocate for a sea change, to the perfectly positioned busy 5 Star Premium Hotel, whether you are a previous chef or couple who can take the restaurant and function business to the sky is the limit

Asking Price: $ 60,000 + SAV

To find out more information about this business for sale, please complete the confidentiality agreement quoting reference number: MB 3683
https://absbusinesssales.com.au/confidentiality-agreement

Broker: Mark Kitson| E: mark@absbrisbane.com| P: 0405 293 644

Head Office | P: 07 3368 4010| E: reception@absbrisbane.com

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:

Trading Hours:

Website:

$60,000

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