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Baguette Bistrot + Bar

SOLD

  • ID Ref 2364
  • Suburb Brisbane
  • State QLD
  • Status Sold

Business Description

Once in a lifetime opportunity! One of Brisbane’s best loved restaurant businesses was listed today for sale. After 37 successful years, owners Francis and Marilyn Domenech of the iconic Baguette Bistrot+Bar in Racecourse Road Ascot, have decided it’s time to hang up their aprons.

* Turning over in excess of $40,000 per week
* Delivering a significant net return to a working owner
* New 7 year lease available at a net rent of $165,000pa
* Very strong front of house and kitchen teams in place
* Proven marketing and management systems in place

There is a resurgence in Racecourse Road with the recent approval, under the new Racecourse Road Plan, for a 5 storey development next door to Baguette which will contain a 62 bed boutique hotel and 17 retail shops – will add a business boost to Baguette. The new development will have a roof top bar plus a Cru-style pavement level bar – finally Baguette’s lounge bar will have some mates to play with.

I don’t think I’ve recently had the privileged of selling a business which is in such great shape and has such a reputation as this one. It has won too many awards to list – over the past 3 years alone it won Most Popular French Restaurant in Australia by the LifeStyle FOOD Channel. This restaurant has served over a million diners in the past 37 years.

Priced at an extraordinary $250,000 + SAV. Call Hugo today

Ref#: 2364
Broker: Hugo Martin 0411 617 140 / hugo@absbrisbane.com
Head Office: 07 3368 4010/reception@absbrisbane.com

Business Features / Snapshot

Price: SOLDAdjusted Net Profit: $213,751 Trial: no Rent: $4,256 Lease Options: NEW LEASE + 7 Years

Your Business Broker

Hugo Martin
  • Hugo Martin

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

Business Location

Brisbane, Queensland 4001