Summary
Profitable business Going concern sale Including stock and all assets All equipment operational and great condition Turnkey operation, ready to hand over Great customer base
Revenue
$122,686 pq
Rent
$23,331 pq
Expenses
$120,501 pq
Net Profit
$3,886 pq
Location Details
Inner City
High Density Residential Area, Close To River
Potential
- Addition of outdoor seating could improve capacity by 16% and improve sales
- Trading hours can be expanded to 7 days. Current hours are Wed-Sun.
- The venue could begin to accommodate private functions
- The venue could form partnerships and work closer with local businesses
- Contactless ordering is currently used for half of the seating, but this could be expanded to save wages
Skills
No skills necessary, owner is happy to provide a generous handover to a new operator.
Operation is turnkey and ready to hand over.
Hours
Wed; 5pm - 9pm
Thu; 5pm - 9pm
Fri; 5pm - 10pm
Sat; 12pm - 3pm, 5pm - 10pm
Sun; 12pm - 3pm, 5pm - 9pm
Lease
Secure long-term lease in place with attractive terms, ending Jan 31st, 2031 with 1 x 5 year option
Employees
2x Full Time (Chef & Owner) and 4x Casual Support Staff
Reason for Sale
I first began on the project in 2023 in order to take the space from an empty shell in a Heritage building to an operational venue. My initial plan was to operate the business for half of the lease term or more, but some recent changes in my personal life have made me decide to sell. I am proud of what I have built and that I have made it a stable operation in a short period of time, and am ready to handover to a new operator.
About the Business
Well-established and stylishly appointed hospitality venue located in one of Brisbane’s most vibrant and affluent inner-city suburbs. Part restaurant and part cocktail bar, this rare opportunity offers an incoming owner/operator or investor the chance to acquire a fully operational bar and kitchen with a beautiful decor, a loyal customer base, and significant growth potential.
Prime Location:
High-exposure position in an iconic Heritage building on a bustling street, close to the riverwalk, and surrounded by residential apartments and commercial hubs.
Stylish Fit-Out:
Recently completed $201k fitout with a mid-century style, blending both Asian and Scandinavian decor.
The venue features a full-service bar, open kitchen, and comfortable indoor seating for up to 50 patrons.
Brand Equity:
Recognized for unique cocktails and menu items and standout service, The business enjoys a strong local following and a well-curated brand image across social media and review platforms.
Turnkey Operation:
Fully equipped with commercial kitchen appliances, POS systems, and operating procedures – ready for immediate takeover.
Proven Performance:
Business has shown solid growth and potential, paying off it's fitout and startup expenses and crossing over into profitability within 6 months of operation. The business has strong margins and a balanced mix of food and beverage sales.
History
Design and planning began in 2023
Fitout works began following council approval in April 2024
The venue began trading November 2024
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