Popular Restaurant for Sale

Stock Included: Yes Stock Value: 1,000+

Years Est: 4.5 Gross Revenue: 400,000

NEW FARM'S POPULAR RESTAURANT ON BUSY DINING STRIP Proven successful restaurant location with bright and secure expansion opportunities - A solid & positive investment.

THIS IS A SOLID AND SECURE SUCCESSFUL BUSINESS! THE PREMISES SUIT A VARIETY OF CUISINES - AN IDEAL OPPORTUNITY FOR CHEF OWNERS, INVESTORS, OR FAMILY RESTAURANTEURS!

This favourite dining spot boasts clientele from all over Brisbane and the Sunshine and Gold Coasts. Established 4.5 years on New Farm's bright and busy dining strip it enjoys returning clientele & walk-ins. New Farm is noted for its easy lifestyle and charm between the Entertainment precinct of Fortitude Valley and New Farm park and the Powerhouse arts centre. The restaurant is accessible by taxi with a major taxi rank across the street. The Brisbane Ferry service is only a few blocks away.

The restaurant is booked out on weekends with steadily growing trade on weeknights. Operating only 5 evenings for dinner service, this business can easily increase to 7 nights and all day weekend trading. Liquor license is in place but is not operated at present. New owner will increase turnover a minimum of 35% by the provision of in house alchohol.

ZAFRON is a euro-style venue featuring about 50% Persian dishes with the other half derived from European, Moroccan and Mediterranean cuisines. As such it is suited to various other dishes that the new owner would bring. French, Moroccan, Italian and Middle Eastern are all possibilities.

There are good kitchen and serving areas with indoor and outdoor (roofed with weather blinds) dining. Cool room, storage with laundry under. Easy to maintain premise. Best news is a cinema, theatre, & conference centre plans are approved for the Twin Cinemas located across the street.!

All the hard work is done for you - Just WIWO. Serious Reasonable offers above $200,000 will be considered. Owners are selling due to changes in family and professional life.

 

Expansion strengths are: Additional 2 nights per week; Weekend and weekday breakfast and lunch; External Catering; Late Night Trading. (Current time availability is 7 am to 12 midnight)

Current lease to April 2015 with 5 year option in place. 9 YEARS of security!

Take advantage of the reduced price now in time to benefit for the best months of the year - November, December and January!

CALL MICHAEL ON 043102595 or email zafron@optusnet.com.au to arrange a meeting and inspection.

Additional Details

Years Established: 4.5
Gross Turnover: 400,000
Stock Included: Yes
Approximate Stock Value: 1,000+
Number of Employees: 6-8 casual
Car Spaces: 1
Property Title Included: No
Business Relocatable: No
Business Operated from Home: No
Local Council: Brisbane City Council
Highlight Expires: 2010-01-10

Buyer Resources

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Australian Government Business Resource website

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Australian Competition and Consumer Competition website

Directory of Government and Business Associations website