p: 617 3368 4010 e: reception@absbrisbane.com a: Level 1 Unit 3 25 Railway Terrace, Milton, Qld Australia 4064

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Confidentiality Agreement

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CA Form

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

SOLD

  • ID Ref 3198
  • Suburb Brisbane
  • State QLD
  • Status Sold

Business Description

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:
Location:
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.
Style:
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.
Trading:
The business currently trades 7 days per week, serving lunch and dinner through the week and adding breakfast on the weekends.
Premises:
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.
Staff:
Currently run under full management, the business is supported by an experienced team of 10 full-time and 11 casual staff.
Systems:
The business has efficient and well-developed franchise systems in place.
Lease:
A long Lease is in place until 2023 with a 10 year option and annual increase of 4%.
Potential:
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 | paul.oconnell@absbrisbane.com

Business Features / Snapshot

Price: SOLDTrial: no

Your Business Broker

Paul O'Connell
  • Paul O'Connell

  • Phone: 07 3368 4010
  • Mobile: 0450 567 800

Business Location

Brisbane, Queensland 4001