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Restaurant - Bar - Functions - Selling under cost with...

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Restaurant - Bar - Functions - Selling under cost with new $1.3 million fitout
QLD

Restaurant - Bar - Functions - Brisbane City Fringe - Agent SBX Code Number: TQQ1137 Restaurant - Bar - Function venue serving modern cuisine for lunch and dinner - offers corporate events,...

Price $450,000.00

Restaurant - Bar - Functions - Selling under cost with new $1.3 million fitout

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Restaurant - Bar - Functions - Brisbane City Fringe - Agent SBX Code Number: TQQ1137

Restaurant - Bar - Function venue serving modern cuisine for lunch and dinner - offers corporate events, intimate cocktail parties, private celebrations and weddings. -Fully licensed serving the finest Australian and international wines, champagnes, cocktails and tap beers and finest coffee. - Full commercial kitchen,- 2 bars - seats 135 inside - 26 seats outside.

Potential

Owner operators would save on wages. - modern, stylish platform for functions, with multiple function rooms catering to different sized events. - Huge opportunity for exclusive venue hire - can host functions for up to 135 seated guests, or 250 for stand up events.

Features

Stunning location - Long lease - Beautiful new renovation - Well established - Under full management - Profitable - Easy to run - Low rent - Popular venue - Loyal staff

Premises

This business has had a $1.3 m. new renovation and kept its original charm with lots of natural light, lime stone floors & marble bars and an area of 450m2.

Location

Close to the race track in one of the original premium precincts of Brisbane with great proximity to airport & CBD.

Trading Hours

5 days - Tues. - Sat. - 1130 a.m. to late

Lease

7 + 7 year lease commenced 26th August 2016. - $60,000 bank guarantee - 3% fixed increases. - No c.p.i.

Employees

Under Management - 1 head chef + 1 sous chef+ Venue Manager + 6 casuals (Kitchen hands, floor, bar)

Comments

A once in a life time rare opportunity to own one of the finest and most successful venues in Brisbane. - Under full management with book keeping services. - new equipment with very efficient operational systems in place.- Selling under fit out cost of $1.3 million - not being sold on figures.- Suit owner/s experienced in running restaurants and events.

Agent SBX Code Number: TQQ1137 - Sydney Business Exchange

Contact Seller

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View Broker Profile

SBX Business Brokers
P: 02 9439 4403

Bsale ID: 216822
SBX ID: TQQ1137




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