Property Description

Partnership Break up Urgent sale required.

Currently two owners, neither working in the business.

With the commonwealth games coming and this being in one of the best locations in Southport, this business will sell quickly.

Currently only open 38 hrs pw, 5 nights, Fully managed.
This business needs a full time owner or owners and really should be open 7 days breakfast lunch and dinner, but with no owners working in the business, they have elected to shorten the operating hours.

Exceptional fit out, great kitchen and Fully licensed bar, 50 seats and another 50 standing.

With new residential high rises going in all around this area, this location is set to grow dramatically over the next few years.

Peter 0425 216 162

Confidentiality Agreement

DEFINITIONS: a) “Buyer” means the party described in the Items Schedule and/or in a Contract of Sale, and/or Heads of Agreement, and/or Option to Purchase, and/or Purchase Agreement, and/or Deed, and/or variation to the nature of the Contract of Sale, and/or any agreement whatsoever which results in the party, and/or other entity where the party and/or its Director/s and/or its Shareholder/s and/or its Unitholder/s and/or its beneficiary/ies, and/or trust either directly or indirectly having an interest, and/or holding, and/or share in the Business/Property, and/or working in partnership and/or joint venture with the Seller where there is a sale, transfer, change, and/or share in interest and/or holdings between the Seller and Buyer and includes but not limited to any new and/or related legal entity, a change in identity of the Buyer, and/or an entity in which the Buyer, and/or its Directors, and/or Shareholders, and/or Unit Holders, and/or or beneficiaries and/or Trust/s have interest and/or holdings. b) “Business” means the business described in a Contract of Sale, and/or Heads of Agreement, and/or Option to Purchase, and/or Purchase Agreement, and/or Deed, and/or variation to the nature of the Contract of Sale, and/or any agreement whatsoever which results in the party, and/or other entity where the party and/or its Director/s and/or its Shareholder/s and/or its Unitholder/s and/or its beneficiary/ies, and/or trust either directly or indirectly having an interest, and/or holding, and/or share in the Business, and/or working in partnership and/or joint venture with the Seller where there is a sale, transfer, change, and/or share in interest and/or holdings between the Seller and Buyer . c) “Property” means the property described in a Contract of Sale, and/or Heads of Agreement, and/or Option to Purchase, and/or Purchase Agreement, and/or Deed, and/or variation to the nature of the Contract of Sale, and/or any agreement whatsoever which results in the party, and/or other entity where the party and/or its Director/s and/or its Shareholder/s and/or its Unitholder/s and/or its beneficiary/ies, and/or trust either directly and/or indirectly having an interest, and/or holding, and/or share in the property, and/or working in partnership and/or joint venture with the Seller where there is a sale, transfer, change, and/or share in interest and/or holdings between the Seller and Buyer. d) “Seller” means the party described in Contract of Sale, and/or Heads of Agreement, and/or Option to Purchase, and/or Purchase Agreement, and/or Deed, and/or variation to the nature of the Contract of Sale, and/or any agreement whatsoever which results in the party, and/or other entity where the party and/or its Director/s and/or its Shareholder/s and/or its Unitholder/s and/or its beneficiary/ies, and/or trust either directly and/or indirectly having an interest, and/or holding, and/or share in the property, and/or working in partnership and/or joint venture with the Seller where there is a sale, transfer, change, and/or share in interest and/or holdings between the Seller; and in the event the Seller uses a new or related legal entity, or has a change in identity or name; or a Controller, or Liquidator, or Administrator, or Trustee, or Executor is appointed, then the Seller shall refer to the new or related legal entity, change in identity or name, or the Controller, Liquidator, Administrator, Trustee, or Executor as the case may be. e) “Agent” means Business Classifieds Pty Ltd ATF Business Classifieds Trust. AGREEMENT: I//We (“the Buyer”) agree to the Agent's Confidentiality Agreement as follows: In consideration of the Agent agreeing to provide me/us directly or indirectly via the Agent with information relating to any Business/Property presented to me by a representative of the Agent, I/We hereby agree and undertake as follows: 1 I/We will hold and keep as strictly confidential all information, statements, opinion, forecasts and other matters of whatsoever nature, whether written or oral (“the Confidential Information”) except in so far as the same may be or become information in the public domain. 2 I/We will not disclose any of the Confidential Information to any employee or third party unless such employee or third party is specifically required to have knowledge of the same for purposes directly related to my/our consideration of the business/property offered for sale. 3 In the event of my/our making any disclosure to any employee or third party, I/We undertake to procure that such employee or third party prior to such disclosure agree to be bound by the terms of this Agreement in writing prior to disclosure of the Confidential Information or any part thereof and a copy of such written acknowledgement shall be filed with the Agent immediately prior to such disclosure. 4 In the event that after consideration of the Confidential Information, I/We do not purchase or make an investment in the business/property, I/We will forthwith return the said Confidential Information together with any copies, notes thereof (or any part thereof) or any documents containing extracts reproduced there from made by or on behalf of us, and delete all electronic records. Furthermore, I/We will maintain the confidentiality of such information and not use the same for any purpose. 5 The Recipient must not in any manner whatsoever either directly or indirectly be concerned or interested in the Businesses/Properties introduced by the Agent without the Agent's involvement. 6. I/We undertake to indemnify the Agent against any actions, proceedings, costs, claims, demands or liabilities which the Agent may suffer in consequence of any breach by me/us of the undertakings herein contained. 7 The obligations, covenants and undertakings contained in this Agreement shall continue in force without any limit in point of time, notwithstanding that no purchase agreement is entered into or any investment is made in the business/property. 8 I/we acknowledge the Agent does not adopt or endorse information provided by the Seller. 9 I/we agree and confirm that this electronic Agreement is enforceable. 10 I/We acknowledge that the Agent is the introducing agent and that Offers, and/or Contract of Sale, and/or Heads of Agreement, and/or Option to Purchase, and/or Purchase Agreement, and/or Deed, and/or variation to the nature of a Contract of Sale, and/or any agreement whatsoever which results in the party, and/or other entity where the party and/or its Director/s and/or its Shareholder/s and/or its Unitholder/s and/or its beneficiary/ies, and/or trust either directly or indirectly having an interest, and/or holding, and/or share in the Business/Property, and/or working in partnership or joint venture with the Seller where there is a sale, transfer, change, or share in interest or holdings between the Seller and Buyer and includes but not limited to any new or related legal entity, a change in identity of the Buyer, and/or an entity in which the Buyer, and/or its Directors, and/or Shareholders, and/or Unit Holders, and/or beneficiaries and/or Trust/s have interest and/or holdings will be negotiated, facilitated and prepared through the Agent. Any attempt to circumvent the Agent’s entitlement shall cause the Agent to be entitled to Commission. In the event that after the date of this agreement the Buyer acquires the business/property, either in part or whole, and/or enters into Contract of Sale, and/or Heads of Agreement, and/or Option to Purchase, and/or Purchase Agreement, and/or Deed, or variation to the nature of a Contract of Sale, and/or any agreement whatsoever which results in the party, and/or other entity where the party and/or its Director/s and/or its Shareholder/s and/or its Unitholder/s and/or its beneficiary/ies, and/or trust either directly or indirectly having an interest, and/or holding, and/or share in the Business/Property, and/or working in partnership and/or joint venture with the Seller where there is a sale, transfer, change, and/or share in interest or holdings between the Seller and Buyer, the Buyer acknowledges that the Agent was the effective cause of that sale and that the Agent shall be entitled to its Commission.*
- I/We agree to the Agent's Confidentiality Agreement
Please introduce me/us to the following businesses*
I am interested in this business: https://www.businessforsaleqld.com.au/businesses-for-sale/55-/ The Reference No. for the Business I am enquiring about is: BC______
Items Schedule
Name of Buyer ("Buyer")*
First Last
Address*
Street Address City State / Province / Region ZIP / Postal Code
Phone*
Mobile*
Email*
Buyer Preferences
Previous/current work experience*
Do you currently own a business?*
- Yes
- No
What Business are you currently in?*
How much are you comfortable spending on buying a business?*
Do you have at least 50% cash and 50% equity available in property to finance a business purchase up to your maximum preferred price range?*
Please note that the Seller may refuse supply of further information if you do not have sufficient funding capacity to purchase this business.
- Yes
- No
Assets value (approx)*
Liabilities value (approx)*
I/We have read and understood the Privacy Statement located on this website.*
- Yes
Would you like to receive email/SMS alerts on other business opportunities marketed by the Agent?*
NB: you may Opt-out of receiving email alerts using the Opt-out form located on this website or sending an email to sales@businessforsaleqld.com.au.
- Yes
- No
By submitting this Form, I/We (as Director/s and Guarantor/s where applicable), acknowledge that I/We have read, understood and agree to the Agent's Confidentiality Agreement and Privacy Statement and I/We acknowledge that Business Classifieds Pty Ltd ATF Business Classifieds Trust is the introducing Agent for any property/business that the Agent has advertised and I/We acknowledge that I/We have enquired about the property/business in response to the Agent's advertising. I/We will not contact the Seller directly to negotiate an Offer and/or Contract of Sale for the business/property. All negotiations will be facilitated through the Agent.*
- Agree
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