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Restaurant - Bar - Italian Cuisine - Outstanding opportu...

Business for Sale
Restaurant - Bar - Italian Cuisine - Outstanding opportunity
QLD

Restaurant - Bar - Italian Cuisine - Brisbane CBD - Agent SBX Code Number: TQC1071 Restaurant serving modern classic Italian cuisine and separate bar serving tapas and shared plates both...

Price $900,000.00

Restaurant - Bar - Italian Cuisine - Outstanding opportunity

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Restaurant - Bar - Italian Cuisine - Brisbane CBD - Agent SBX Code Number: TQC1071



Restaurant serving modern classic Italian cuisine and separate bar serving tapas and shared plates both with spectacular water views. - Two separate leases. - Two commercial kitchens,bars, storage and office. - Restaurant seats 200 and 60 in separate bar. - Elegant waterfront dining - spectacular bar with state of the art finishes. - The venues cater for functions, parties and weddings to the business community, tourists and Brisbane residents.



Potential

This long established and renowned restaurant and bar is now ready for a new group/ family to take this business forward. -Nothing to spend on these luxury fit outs which cost in excess of $2 m. - Future options are endless.



Features

One of Brisbane finest restaurants established and run for over 24 years by experienced Brisbane family. - 6% flat rent on turnover. - Overall capacity allows serving and entertaining of up to 300 people. - Huge sales and profits. - Multi award winner



Premises

Restaurant, bar and full commercial kitchen with an area of 368 sq.mts. +147 sq mts. of separate bar and commercial kitchen.



Location

Premier Brisbane river location in the heart of the fine dining precinct.



Trading Hours

7 days - Mon. -Tues. - 3 p.m. till close -Wed. - Sun. - 12 noon till close



Lease

Restaurant lease expires Dec. 2020 -Bar lease expires July 2022



Employees

1 owner part time, + 18 fulltimers + 31 parttimers



Comments

Previous years the business has made in excess of $1,000,000 net profit. - Already this year has over $60000 in bookings for next month. - Once in a lifetime chance to take this already well established restaurant to new heights or to split up the two assets.- Trading figures dating back several years are available. - A rare opportunity to acquire a large business with ecxcellent cash flows in Brisbanes premier entertainment precinct. - Large parking station under restaurant and bar.



Agent SBX Code Number: TQC1071 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 130192
SBX ID: TQC1071




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