ABS Business Sales

Business Description

This outstanding restaurant and Bar is one of Queensland’s most popular and high-performing businesses. Trading for nearly a decade, this restaurant, bar and functions venue has become an established - almost iconic – fixture on the Brisbane dining scene. Located in Brisbane’s longest-running premium entertainment precincts, this deluxe restaurant shines brightly amongst the stars of the Brisbane hospitality landscape.
* Very high weekly turnover, defying general trends with sales increasing on a monthly comparison of 26% in January, 23% in February and 53% in March – truly outstanding results
* Delivering very significant net returns
* Operationally fully managed business
* Very strong management team in place
* Significant refurbishment to extension recently completed
* Luxurious and high-quality fitout and furnishings
* Up to 180 seats – separate functions and dining space
* 373 m2 site
* Lease to 2027
* Gross rent below 10% of net sales
* Fully documented policies, procedures, operations manuals and check lists
* 16,000 on the database with a massive social media presence across a range of platforms
* Real opportunity to further increase functions trade
This business would suit both an owner operator or an investor looking for a substantial return on investment.
Very rarely does on opportunity of this quality become available on the market.

$1,200,000 + SAV

To find out more information about this business, please complete the confidentiality agreement quoting reference number: 9111
https://absbusinesssales.com.au/confidentiality-agreement

Broker: Hugo Martin| E: hugo@absbrisbane.com| P: 0411 617 140

Head Office | P: 07 3368 4010| E: reception@absbrisbane.com