Licensed Italian and seafood restaurant, function room

About the business

This is a fully licensed Italian and seafood restaurant with a function room on the Fraser Coast, in Hervey Bay, Queensland. The upper level has a private bar of its own and can double as extra dining space on Friday and Saturday evenings. The restaurant is opposite the beach, with views of the water. Trading hours are Thursday to Sunday 11am to 2pm and Thursday to Monday 5pm to 8.30pm, a total of 27 hours of opening time plus a small amount of prep time. The current owners work in the business, with the chef working 40 hours a week and the wife 17 hours a week on front of house, book work and paying invoices. The function room can be subleased as a separate business, which would offset the rent on the restaurant. The chef owners are willing to train the new owners for 3 months by negotiation if required. The broker reports that with the profits shown the business could be run under management. The broker reports that the business has only begun to tap its potential, with room to expand the function room, trading days and offerings such as breakfast service or delivery platforms like Uber Eats.