Iconic Fine-Dining Restaurant in Prime Brisbane Location

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David Cahill
 

Summary

Consistently recognised among Queensland’s top restaurants

About the Business

+ Stock ($150,000)

For the first time in over two decades, one of Brisbane’s most celebrated and enduring culinary institutions is discreetly offered for sale. Consistently recognised among Queensland’s top restaurants, this elegant fine-dining venue has earned a devoted following, multiple chef’s hats.

Key Highlights:

- Under management with a strong team in place.
- Timeless, sophisticated fit-out with warm Parisian-bistro charm blended seamlessly with modern luxury; intimate 50-60 seat dining room plus highly sought-after private dining room
- Exceptional wine program featuring one of Queensland’s finest curated lists with a stock valuation of an estimated $150,000.
- Secure long lease in place with favourable terms and options
- Multiple industry awards and regular appearances in state and national “best restaurant” guides
- Extremely strong equity in this long running brand.
- Turnkey operation - walk in and continue trading at the highest level from day one
- Healthy top line sales at over $38,000 per week with room for continued growth.
- All expenses and categories (COGS and WAGES included) considered healthy at or close to industry benchmarks.

This is not a distressed sale or a “project.” It is the genuine relinquishment of a meticulously run, profitable and beloved institution by owners who have decided the time is right to pass their legacy to the next custodian. Opportunities to acquire a restaurant of this calibre, profitability and reputation almost never reach the open market.

Strict confidentiality applies.

Genuine, qualified enquiries only.

Secure one of Brisbane’s true dining icons while it remains available.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
The business is currently under management with 6 in the kitchen and 5 front of house.

Lease Info
4 years of a 5 year lease remain with an additional 5 year option.

Trading Times
Wednesday 12 to 2pm, 5:30 to 9pm
Thursday 12 to 2 pm, 5:30 to 9pm
Friday 12 to 2pm, 5:30 to 9pm
Saturday 12 to 2pm, 5:30 to 9pm
Sunday Closed
Monday Closed
Tuesday 12 to 2pm, 5:30 to 9pm

Size of Premises
Approx. 175 square metres of the main premises which includes dining room, kitchen and private dining plus a second 32 square meter offsite storage area within a short walk from the restaurant.

Opportunity
The business is already run well with healthy COGS and Wages and good weekly sales. The opportunity presents itself to add the business to an existing portfolio under management and increase the sales which is clearly possible. For an owner operator you have the same opportunity with a more hands on approach.

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