aubizbuysell.com.au/103707
Ad ID: 103707

Popular Licenced Restaurant and Cocktail Bar for Sale Brisbane

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

Popular Licenced Restaurant and Cocktail Bar For Sale #5235FO

Location:
Asking:
$1,200,000 + SAV

Business for Sale Description

Popular Licenced Restaurant and Cocktail Bar for Sale Brisbane Asking: $1,200,000 + SAV

A Chance to Change Your Life
$4 Million…this is the amount (or more) you could potentially profit over the next 6 years. It simply doesn\'t get any better in the Restaurant and Bar scene in Brisbane.

This is one of the city\'s most popular and high-performing businesses. Trading for over a decade, this restaurant and bar (with a functions venue) has become a preferred fixture on the Brisbane dining scene. Located in Brisbane\'s longest-running premium entertainment precinct, this highly profitable restaurant and bar continues to shine brightly amongst the stars of the Brisbane hospitality landscape.

* Very high weekly turnover, averaging in excess of $53,000 per week
* Significant net return, defying industry trends - despite COVID restrictions
* Operationally fully managed business
* Very strong management team in place
* Significant refurbishment to extension/courtyard recently completed ($250k)
* Modern, stylish and luxurious high-quality fitout and furnishings
* Up to 180 seats separate functions and dining space
* 371 m2 site
* Lease to 2027
* Dynamic entertainment precinct
* Gross rent below 12% of net sales - despite 12 months of capacity restrictions due to COVID
* 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
* Currently operating Wed Dinner, Thurs - Sun Lunch and Dinner (opportunities for more service periods, greater revenue)
* Opportunity for coffee, breakfast and/or brunch trade

This business would suit both an owner operator or an investor looking for a substantial return on investment.
Very rarely does on opportunity of this quality become available on the market.

ASKING PRICE $1,200,000 +SAV

To find out more information about this business, please complete the confidentiality agreement quoting reference number: 5235FO
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
For more info
Contact: Hugo Martin

Hugo Martin

Hugo Martin
0411 617 140 or 07 3368 4010

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