Bars Nightclubs - Brisbane City Fringe

3 days ago

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Internal Ref: TQQ1118

Summary

SBX Business Code: TQQ1118 - Restaurant - Bistro - Bar - Under Management - Brisbane City Fringe

Rent

$234,572 pa

Net Profit

$182,000 pa

Location Details

Northern city fringe location surrounded by new and rapidly developing apartment blocks.

Potential

A new owner/operator has potential to increase both turnover and profit. - Breakfast could be added. - New apartments & towers developing in precinct increasing patronage.

Hours

7 days - Mon. - Sun. - 11.30 a.m - late

Lease

Current lease expires 2023 + 10 year option - Annual increases 4%

Employees

10 fulltimers + 11 parttimers + full time Manager

About the Business

Restaurant - Bistro - Bar - Under Management - Brisbane City Fringe

SBX Business Code: TQQ1118
Restaurant and bar serving modern Australian cuisine with share platters for lunch and dinner - Full range of draught and crafted beers and wines. - Al fresco dining with 80 seats outside and 60 inside. - Can easily cope with a larger capacity up to 200 guests for functions, weddings and cocktails. - Full commercial kitchen.

Potential
A new owner/operator has potential to increase both turnover and profit. - Breakfast could be added. - New apartments & towers developing in precinct increasing patronage.

Features
Top location - Outstanding fitout. - Currently run under management. - Well established. - Long Lease.

Premises
Modern style restaurant and al fresco dining, bar and large kitchen with an area of 310 sq. mts.

Location
Northern city fringe location surrounded by new and rapidly developing apartment blocks.

Trading Hours
7 days - Mon. - Sun. - 11.30 a.m - late

Lease
Current lease expires 2023 + 10 year option - Annual increases 4%

Employees
10 fulltimers + 11 parttimers + full time Manager

Comments
A rare opportunity to build the business more due to growth in area with the existing business already showing great profits- Great storage and cool room facilities - $750,000 spent on state of the art fitout. -

SBX Business Code: TQQ1118

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