Bar and Bistro - Brisbane City Fringe - Award Winner - Takings $4.6 mil p.a.

4 days ago

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Internal Ref: TQQ1139

Summary

SBX Code: TQQ1139 - Reputable Bar and Bistro - First time on the market the owner is letting go of one of the best in Qld, a prestigious venue suits owner operators or investors

Rent

$292,760 pa

Net Profit

$391,820 pa

Location Details

Situated In the heart of upscale dining & shopping precinct in one of the most elite retail streets in Brisbane.

Potential

Owner operators could save on wages, tap into more corporate events , increase marketing and promotions and social media presence which is lacking at the moment.

Hours

7 days - Mon. to Sun. - 5 p.m. - 10 p.m.-Wed. to Sun. - 12 p.m. - 10 p.m.

Lease

Current 8 year lease commenced 1st Feb. 2014 - 4% CPI increases - 6 month bank guarantee. - furth

Employees

15 fulltimers +. 3 Managers + 9 chefs + 20 staff.

About the Business

Bar - Restaurant - Function Venue - Brisbane City Fringe

SBX Code: TQQ1139
Bar and Bistro offering a modern inspired menu, impressive wine list, great design and high quality fit out. - The menu offers a modern take on classic dishes using locally sourced ingredients with traditional technique. - The menu is designed to be shared along with carefully selected curated wine list to enhance one of the finest dining experiences in Brisbane. - Full commercial kitchen, great bar facilities and separate function room. - 200 seats.

Potential
Owner operators could save on wages, tap into more corporate events , increase marketing and promotions and social media presence which is lacking at the moment.

Features
Award winning restaurant. - Employs & trains the best staff in Brisbane. - Continuously featured in magazines and prestigious accolades. - Well established. - Location Location. - Outstanding fitout and design.

Premises
State of the art sophistication with a cosy New York vibe, set in architecturally designed building of the highest quality fit out with an area of 400m2.

Location
Situated In the heart of upscale dining & shopping precinct in one of the most elite retail streets in Brisbane.

Trading Hours
7 days - Mon. to Sun. - 5 p.m. - 10 p.m.-Wed. to Sun. - 12 p.m. - 10 p.m.

Lease
Current 8 year lease commenced 1st Feb. 2014 - 4% CPI increases - 6 month bank guarantee. - further option available.

Employees
15 fulltimers +. 3 Managers + 9 chefs + 20 staff.

Comments
First time on the market the owner is letting go of one of the best in Qld. - a prestigious venue which suits owner operators or investors - a first class bar & restaurant - Misc.- 1 - other expenses - A working owner could expect weekly profit of over $10,000 - .The figures above are based on 3 separate Managers involved in running the business.

SBX Code: TQQ1139

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