Ad ID: 100382

Restaurant and Cocktail Bar for Sale Brisbane

Enquire about this "Restaurant and Cocktail Bar for Sale Brisbane" opportunity on aubizbuysell

Profitable Licenced Restaurant and Cocktail Bar For Sale #5086FO

Location:
Asking:
$850,000 + SAV

Business for Sale Description

Restaurant and Cocktail Bar for Sale Brisbane Asking: $850,000 + SAV

$400,000 + net profit for the first 6 months of the financial year. It doesn\'t get much better in the Restaurant and Bar scene in Brisbane. This is one of the city\'s most popular and high-performing businesses. Trading for nearly a decade, this restaurant, bar and functions venue has become a preferred fixture on the Brisbane dining scene. Located in Brisbane\'s longest-running premium entertainment precinct, this deluxe restaurant shines brightly amongst the stars of the Brisbane hospitality landscape.

* Very high weekly turnover, averaging in excess of $51,000 per week
* Significant net return, in excess of $400,000 from 1 July 2020 to 31 December 2020
* Trading 4.5 days per week
* Operationally fully managed business
* Very strong management team in place
* Significant refurbishment to extension recently completed
* Luxurious and high-quality fitout and furnishings
* Up to 180 seats separate functions and dining space
* 373m2 site
* Lease to 2027
* Gross rent below 10% of net sales
* Fully documented policies, procedures, operations manuals and check lists
* 16,000 on the database with a massive social media presence across a range of platforms
* Real opportunity to further increase functions trade

This business would suit both an owner operator or an investor looking for a substantial return on investment.

Very rarely does an opportunity of this quality become available on the market.

$850,000 + SAV

For more information about this excellent opportunity, complete the Confidentiality Agreement, quoting reference no: 5086FO
https://absbusinesssales.com.au/confidentiality-agreement

Broker: Hugo Martin| E: hugo@absbrisbane.com| P: 0411 617 140
Head Office | P: 07 3368 4010| E: reception@absbrisbane.com

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For more info
Contact: Hugo Martin

Hugo Martin

Hugo Martin
0411 617 140 or 07 3368 4010

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