Restaurant & Bar - Close to CBD - Business for Sale - Ref: 3198

Alcohol/Liquor Bars/Nightclubs Function Centre Restaurant

With a warm and social atmosphere, this sophisticated restaurant and bar is known for its mouth-watering menu and smart, yet relaxed service.
It presents a rare opportunity for a well-informed owner-operator in a new upmarket and vibrant area.
About the Business:
Located in a trendy dining and retail precinct close to the CBD, the business is surrounded by established as well as many new residential and commercial developments.
Already popular with the locals, it offers delicious food with a focus on social eating with traditional menu selections as well as share plates. The bar also offers a full range of draft and craft beers, wine and a great cocktail selection.
The business currently trades 7 days per week, serving lunch and dinner through the week and adding breakfast on the weekends.
The restaurant offers relaxed indoor and outdoor dining, with a capacity of 80 outside and 60 inside.
It can also cater for 200 + guests for functions, such as corporate, weddings and events.
The Landlord has spent over $750,000 on the state of the art fit-out, which includes a functional bar, pizza office and coffee machine.
Currently run under full management, the business is supported by an experienced team of 10 full-time and 11 casual staff.
The business has efficient and well-developed franchise systems in place.
A long Lease is in place until 2023 with a 10 year option and annual increase of 4%.
Currently trading below peaks, a new owner-operator could increase turnover and profit and expand trading hours and services. Lots of potential supported by a great location that is also growing.
The well-organised organised plant and systems allow for a smooth takeover and ease of management and the opportunity to purchase a business that was listed late in 2016 for $1M!.

Price for Sale $500,000 + SAV (Brisbane)

For more information about this excellent opportunity, complete the Confidentiality Agreement quoting reference no: 3198
Business Broker: Paul O'Connell | 0450 567 800 | [email protected]

Listing Features