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Function Centre - Bar - Restaurant - Brisbane City Fringe - (Code: TQQ1125)

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Price: $290,000






Weekly Takings (inc GST) $
Cost of Goods $
Gross Profit $
Rent $3,846
Wages $
Outgoings $
Telephone $
Insurance $
Electricity $
Gas $
Misc 1 $
Misc 2 $
Total Expenses $
Net Profit $
Coffee Kilos P/W 0.0

Estimated Stock

$50,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Bar - function centre - restaurant (not being sold on figures) serving lunch & dinner with a Modern Australian menu. - Full hotel licence with licence to open 3 separate bottle shops within the area. - Separate cocktail bar, outdoor dining area, separate enclosed restaurant, private function room and large open entertainment area. - Full state of the art kitchen, 2 cold rooms, rear dry-store and storage areas, downstairs boasts huge office with security screens & $100,000 sound system - 100 seats inside - 50 seats outside. - Stunning New York Style Interiors with marble and plush finishes. - The overall standard and quality of the venue is without a doubt the best in Brisbane.

Potential
Business is in growth mode, marketing has been implemented with website & social media emphises. - Potential is enormous especially the corporate market, private functions, weddings. - Anticipated growth should achieve approx.$70-80,000 per week.

Features
Amazing new interior design with the highest quality fitout. - Location - Location - Fully automated lighting, and sound system. - Good rent and very long lease.

Premises
This business has an area of approx. 523 sq.,including spectacular veranda seating with fully retractable awning.

Location
Situated on a mall in prime night life & entertainment precinct on Brisbane CBD City Fringe.

Trading Hours
5 days - Wed. to Sun. - 12 p.m. - late.

Lease
Current lease expires Aug. 2022 + 5 + 5 year options - C.P.I. increases - 3 month Bond - 6 months rent free remaining.

Employees
3 fulltime Managers + 2 chefs + 8 - 12 casuals

Comments
This business is not being sold on figures. (Current sales achieving $25-30,000 per week) - Inexperienced owner who is involved in building and property development. - Approx. $200,000 in function bookings - Full Hotel Licence with 3 separate bottle shop licences. - The best quality fitout costing $2.7 million now being offered for less than 1/3 the cost.

Similar Businesses
Restaurant - Bar - Gold Coast Area
$280,000




SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXTQQ1125

For more details please call (02) 9439 4403
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