ABS Business Sales Pty Ltd Phone : 07 3368 ****
Hugo Martin
07 33 ****

0411 ****

Profitable Licenced Restaurant and Cocktail Bar For Sale #5086FO

Listing Id : 303119

Location : Queensland - Brisbane

Category : Cafe and Coffee Shop, Bars, Restaurant

Asking Price : $850,000 + SAV

Business description

$400,000 + net profit for the first 6 months of the financial year. It doesn't get much better in the Restaurant and Bar scene in Brisbane. This is one of the city's most popular and high-performing businesses. Trading for nearly a decade, this restaurant, bar and functions venue has become a preferred fixture on the Brisbane dining scene. Located in Brisbane's longest-running premium entertainment precinct, this deluxe restaurant shines brightly amongst the stars of the Brisbane hospitality landscape. * Very high weekly turnover, averaging in excess of $51,000 per week * Significant net return, in excess of $400,000 from 1 July 2**** **** to 31 December 2**** **** * Trading 4.5 days per week * 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 * 373m2 site * Lease to 2**** **** * 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 an opportunity of this quality become available on the market. $850,000 + SAV For more information about this excellent opportunity, complete the Confidentiality Agreement, quoting reference no: 5**** **** FO Broker: Hugo Martin| E: [email protected]| P:**** **** Head Office | P:**** **** | E: [email protected]

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