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A True Destination Restaurant and Bar for Sale " Yeppoon QLD

Listing Id : 261907

Location : Queensland - YEPPOON

Category : Restaurant, Bars, Entertainment

Asking Price : 165,000

Business description

Business ID: CTOC1564 Current T/O $535K Per annum. Est. 12 years. Central location with 2 street fronts. Unique ambience with extremely flexible dining spaces. One of a kind restaurant and bar located in Central Yeppoon. Shaded by a 100-year-old fig tree Megalomania is a true destination restaurant. Dine under the shady canopy during the day or enjoy a romantic dinner under the fairy lights at night, Megalomania has ambience plus. Known for its quality a la carte menu Megalomania is unique as it can adapt to the guests needs with extremely flexible dining spaces offering flexible spaces; accommodating intimate dining, private functions, business lunches, corporate events, cocktail parties, high teas, bridal and baby showers, and weddings. Megalomania can cater for 140 people plus. -Extremely flexible dining spaces with pavement licences, al fresco dining on the deck shaded by the fig tree, covered courtyard area, air-conditioned function room, bar area and 3 store rooms. -Function room has private bar access and own toilets. -Current turnover $535k. Current owners have managed to extend and lay the foundation for extensive growth. Uncapped potential to target weddings, group functions, late night cocktail bar/night club and/or lucrative coffee and breakfast market. -Central Yeppoon with two street frontages and five entrances, plus plenty of parking. -Contemporary cuisine with Mediterranean and Asian influence. Tapas, High Teas, Steak and Seafood to Banquet style, all with rave reviews for delicious food. -Extensive bar list including International and craft beers, signature cocktails and substantial whiskey bar. -Long list of equipment included to cater for all types of functions, including bar tables, couches, projector and screen. -Established 12 years, current owners 5 of those years. Currently opens Tuesday to Saturday for lunch and dinner, opportunity to extend hours. This business is ready for new owners to reap the rewards of what the current owners have established. Regrettably on the market due to a change in circumstances. Price $165,000

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