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Significant Restaurant and Bar – Premier CBD Location - Business for Sale Ref:2888

SOLD

  • ID Ref 2888
  • Suburb Brisbane
  • State QLD
  • Status Sold

Business Description

Prestigious, dynamic, consistent award winning restaurant and bar on the Brisbane river, located in the heart of the CBD.

A long-time favourite amongst the business, professional and legal community as well as being a destination of choice for discerning tourists and leisure seekers.

* Average sales of $6,625,774 for the past three years with sales to December of $3,749,610;

* Average EBIT or $538,291 for the past three years with an EBIT to December of $348,554;

* Average sales of $6,625,774 for the past three years;

* Long term stable staff both front and back of house;

* Lease to 2022;

* Rent approximately 8.2% of turnover;

* Seats approximately 180 with seating in the bar to 60;

* Highest quality in fitout, furnishing and equipment.

Outstanding opportunity for both an operator and investor for a better than market return on investment.

Price for Sale: $1,100,000 + SAV

Broker: Hugo Martin 0411 617 140/hugo@absbrisbane.com
Head Office: 07 3368 4010/reception@absbrisbane.com

Business Features / Snapshot

Price: SOLDTrial: no

Your Business Broker

Hugo Martin
  • Hugo Martin

  • Phone: 07 3368 4010
  • Mobile: 0411 617 140
  • Profile: view profile

Business Location

Brisbane, Queensland 4001