Business Summary

A Chance to Change Your Life
A massive profit machine!. It simply doesn't get any better in the Restaurant and Bar scene in Brisbane.

This is one of the city's most popular and high-performing businesses. Trading for over a decade, this restaurant and bar (with a functions venue) has become a preferred fixture on the Brisbane dining scene. Located in Brisbane's longest-running premium entertainment precinct, this highly profitable restaurant and bar continues to shine brightly amongst the stars of the Brisbane hospitality landscape.

* Very high weekly turnover, averaging in excess of $52,000 per week gross, November/ Decembe sales $70K +pw
* Significant net return, defying industry trends - despite COVID restrictions
* Operationally fully managed business
* Very strong management team in place
* Significant refurbishment to extension/courtyard recently completed ($250k)
* Modern, stylish and luxurious high-quality fitout and furnishings
* Up to 180 seats separate functions and dining space
* 371 m2 site
* Lease to 2027 with a further 5 year extension and a 5 year option being negotiated
* Dynamic entertainment precinct
* Gross rent below 12% of net sales - despite 12 months of capacity restrictions due to COVID
* 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
* Currently operating Wed Dinner, Thurs - Sun Lunch and Dinner (opportunities for more service periods, greater revenue)
* Opportunity for coffee, breakfast and/or brunch 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.

ASKING PRICE $1,200,000 +SAV

To find out more information about this business, please complete the confidentiality agreement quoting reference number: 5421FO
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