Summary
Established Milton cafe & restaurant for sale. Fully equipped turnkey operation with commercial kitchen, full fit-out and extremely motivated staff ready for the next owner.
Revenue
$322,000 pa
Rent
$70,000 pa
Potential
Excellent growth potential with the opportunity to expand into evening trade. The venue is fully licensed to serve alcohol until midnight and already has beer taps installed, creating strong potential for dinner service, drinks, functions and private events. With the full kitchen, established fit-out and existing daytime trade, the next owner can introduce nights and increase revenue without needing a major additional setup.
Lease
Entering year 3 of a 5-year lease from January, with a further 5-year option available to exercise.
Employees
Experienced, qualified and highly engaged team already in place, with strong systems and processes allowing the business to operate under management with minimal day-to-day owner involvement.
Reason for Sale
The business is being sold as our business in another industry has grown rapidly, requiring us to relocate to NSW. We’ve decided to focus our time and energy on that growing business rather than operating across multiple industries.
About the Business
This is an exciting opportunity to acquire a fully established and operational cafe and restaurant in Milton, one of Brisbane’s key inner-city locations, surrounded by residential apartments, offices and strong local activity.
The venue is fully fitted and ready to operate, with an extensive commercial kitchen, Wega coffee machine, established front-of-house setup, beer taps, POS systems, indoor and outdoor seating, TVs, sound system and everything required for an incoming operator to continue trading from day one.
One of the biggest opportunities for the next owner is the potential to further develop the evening trade. The venue is already licensed to sell alcohol until midnight and has beer taps installed, creating an excellent platform for dinner service, drinks, happy hours, private functions, corporate events and celebrations without requiring a major additional setup.
There is also significant potential to expand the catering and events side of the business, taking advantage of the commercial kitchen, existing infrastructure and central Brisbane location. Corporate catering, private functions and off-site events could create additional revenue streams alongside the existing café and restaurant operation.
With Brisbane 2032 approaching, Milton’s inner-city location also provides an exciting longer-term opportunity as Brisbane continues to attract investment, visitors and major events in the lead-up to the Olympic and Paralympic Games.
Importantly, the business has an experienced, qualified and highly engaged team already in place. Strong systems and processes have been developed, allowing the venue to operate under management and making the opportunity suitable for either a hands-on hospitality operator or an owner looking for less involvement in the day-to-day operation.
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