Licenced Bar and Restaurant- Cafe- Coffee Shop For Sale - Perfect Location 100m from Queens Wharf Development- Priced to Sell - $950,000 plus SAV
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This may be the perfect location for a restaurant or café in Brisbane. It is located in the heart of the Brisbane CBD, close to the Queen Street Mall and directly over the road from the massive Queens Wharf redevelopment. This extraordinary $3 billion dollar plus development is huge by any metric: It will cover an area more that half-a-kilometre in length, contain 5 hotels, a casino, hundreds of shops, open space and much more. It is projected to attract at least 1.4 million additional tourists every year.
This very popular bar and restaurant café takes full advantage of the outdoor feel and Brisbane’s relaxed approach to dining out. The restaurant combines huge share tables, a casual dining menu with plenty of share options, and a bevy of beverage offerings from local beers to crafty cocktails which makes this a very popular meeting place for local office and retail workers, shoppers and tourists.
The restaurant has a distinctly Latin style and the calendar is full of Latin American national days to celebrate. There is salsa dancing and fiestas with lots of live music and DJ’s keeping the crowd happy and jumping on week nights and weekends alike. We are fully licenced and the space is huge and we currently seat 220 patrons with many more standing.
We are very successful with a great team of friendly and ultra-competent staff. Currently we turnover almost $2 million dollars and our margins are excellent. We have increased our income year-on-year and the future looks particularly bright. The business is exceptionally well-run and needs very little additional work to maintain its present popularity and success. This establishment had become, in many ways, a destination in itself as well as a convenient haunt for locals.
Features of this Business:
- Very well-established with huge foot traffic, regular patronage plus a calendar of special events
- Massive turnover approaching $2 million dollars
- Fully licenced with seating for over 220 plus standing room
- Hugh potential for experienced owner/operator or experienced restaurateur.
- Perfectly positioned to benefit from the $3 billion+ Queens Wharf Development
This is a perfect business for an experienced owner/operator or for an investor who wants to run the business under management and achieve a very high return-on-investment. This is available on its own or you can buy it in conjunction with our sister restaurants. Please call Deepen on the number above for further information