Restaurant and bar, steaks cooked over charcoal
Photos: LINK Business Brokers
About the business
A 1,000sqm restaurant and bar on the Gold Coast, Queensland. A 20-year lease is in place. It has seating for 200 guests plus a licensed bar. It trades 6 days per week. It is positioned directly opposite a surfing beach. It serves signature dry-aged steaks cooked over charcoal, 20 craft beers on tap and a 300-bottle wine cellar. The broker reports a team of 15 staff including experienced management and that the business is award-winning.
Financing calculator
An estimate, not a loan offer. Change the numbers to see what buying this business would take in cash and what the repayments would be each month.
Asking price$1,980,000
Paid by
Your cash$594,000
Secured loan, 7 years at 6.98%$1,386,000
Each month
Loan repayment$20,900
Repayments each month
$20,900
Over 7 years you repay $1,756,012, of which $370,012 is interest.
Secured on property: the RBA's average for small business new loans secured on residential property, August 2026. Lenders set their own rates and terms, and this leaves out stamp duty and fees. Source: Reserve Bank of Australia 2026.
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