Business Summary

This is the city's most popular and high-performing restaurant and bar specialising in Mediterranean style cuisine. Trading under the current owner for more than 18 years, this restaurant and bar is a favourite venue for all types of events from casual dining, weddings, birthdays, engagements, christenings and corporate functions. At its core is the sheer excellence of its food and service.
This is undoubtedly a firm fixture on the Brisbane dining scene. Nestled in a high demographic inner city location bustling with activity and verve this is one of the shine stars in the Brisbane restaurant scene.

* Very high gross weekly sales, averaging between $55,000 and $60,000 per week.
* Very Significant net return to a working owner
* Very strong team in place
* Modern and stylish with the interior reflecting middle European location styles
* Up to 170 seats with ample space for functions and events
* Lease to April 2028 with one 5-year option
* Bustling entertainment street location
* Gross rent approximately 7% of turnover
* Large data base of customers
* 4-day operation - Wednesday/Thursday Dinner, Friday/Saturday Lunch & Dinner (approx. 30 hours of service/week)
* This truly is a lifestyle business with a priceless reputation generating a significant return on investment.

This business would ideally suit an owner operator, but it can also be run as a managed business for an investor looking for a substantial return on investment. Very rarely indeed does on opportunity of this quality become available on the market.

$1,475,000 + SAV

To find out more information about this business, please complete the confidentiality agreement quoting reference number: 5510FO
https://absbusinesssales.com.au/confidentiality-agreement

Broker: Hugo Martin| E: [email protected]| P: 0411 617 140 Head Office
| P: 07 3368 4010| E: [email protected]

Property Details