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Confidentiality Agreement

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Premier Food Spot In Town - Business For Sale #3245

$700,000 + SAV

  • Premier Food Spot In Town - Business For Sale #3245

Business Description

The restaurant is located in a highly sort after restaurant precinct on Brisbane fringe with huge passing traffic including great exposure to passing tourists

Sales $1,000,000
Rent $200,000
Profit $350,000- $400,000

Asking Price: Price $700,000

Well documented figures / history

Stylishly fitted out restaurant / spectacular bar fully air-conditioned with 50 seat inside and up to 90 seats el fresco dining, a total of 140 seats. Ideal venue for corporate functions, weddings and parties. Currently specializing in unique Eastern European cuisine with a wide range of fine wines cocktails, vodkas and selection of beer and wine. Live Music.
Currently selling 4 kilos coffee.

The premises consist of 170 ms² including a fully fitted functional commercial kitchen with multiple convection ovens including 2 tandori ovens, grills, and deep fryers. It has a large wash-up area with double sinks, walk in cool room and storage service fridges and freezers. Large stainless exhaust canopies. The restaurant has on-site toilets for F&M
Total fit out cost in excess of $450,000

Has 2 parks allocated to the owner including some dry storage
5 year Lease commenced June 2013 and has a 4 year option
I owner plus 2 fulltime and 3 casuals work in the business

The Potential is huge and a savvy operator will see possible new additional food opportunities in the precinct, we believe this restaurant has great potential to increase business including advertising and doing more functions and catering. Bar trade may also be able to substantially increased.

Open 10.00 am – Midnight 7 days

For more information about this excellent opportunity, complete the Confidentiality Agreement quoting reference no: 3245
https://absbusinesssales.com.au/confidentiality-agreement

Business Broker: Paul O'Connell | 0450 567 800 | paul.oconnell@absbrisbane.com

Business Features / Snapshot

Price: $700,000 + SAVTrial: no

Your Business Broker

Paul O'Connell

Business Location

Brisbane, Queensland 4001