Visit this listing at https://www.sbx.com.au/business?id=TQQ1118

Business Code: TQQ1118

Key Features: Bistro - Bar - Newstead Location - Sales $40,000 p.w.

State: QLD

Suburb: Newstead, 4006

Location: Northern city fringe location surrounded by new and rapidly developing apartment blocks.

Description

Restaurant and bar serving modern Australian cuisine with share platters for lunch and dinner - Full range of draught and crafted beers and wines. - Al fresco dining with 80 seats outside and 60 inside. - Can easily cope with a larger capacity up to 200 guests for functions, weddings and cocktails. - Full commercial kitchen.

Summary

  • Features: Top location - Outstanding fitout. - Currently run under management. - Well established. - Long Lease.
  • Potential: A new owner/operator has potential to increase both turnover and profit. - Breakfast could be added. - New apartments & towers developing in precinct increasing patronage.
  • Premises: Modern style restaurant and al fresco dining, bar and large kitchen with an area of 310 sq. mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11.30 a.m - late
  • Lease: Current lease expires 2023 + 10 year option - Annual increases 4%
  • Employees: 10 fulltimers + 11 parttimers + full time Manager
  • Comments: A rare opportunity to build the business more due to growth in area with the existing business already showing great profits- Great storage and cool room facilities - $750,000 spent on state of the art fitout. -

Weekly Summary

Weekly Takings (inc GST)

$40,000

Cost of Goods

$12,000

Gross Profit

$28,000

Rent

$4,511

Wages

$16,517

Telephone

$156

Insurance

$125

Electricity

$1,138

Gas

$833

Misc1

$1,220

Total Expenses

$24,500

Estimated Stock (Additional)

$30,000

Net Profit

$3,500

Price

$295,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bistro - Bar - Under Management

Business Code: TQQ1118

Key Features: Bistro - Bar - Newstead Location - Sales $40,000 p.w.

State: QLD

Suburb: Newstead, 4006

Location: Northern city fringe location surrounded by new and rapidly developing apartment blocks.

Description

Restaurant and bar serving modern Australian cuisine with share platters for lunch and dinner - Full range of draught and crafted beers and wines. - Al fresco dining with 80 seats outside and 60 inside. - Can easily cope with a larger capacity up to 200 guests for functions, weddings and cocktails. - Full commercial kitchen.

Summary

  • Features: Top location - Outstanding fitout. - Currently run under management. - Well established. - Long Lease.
  • Potential: A new owner/operator has potential to increase both turnover and profit. - Breakfast could be added. - New apartments & towers developing in precinct increasing patronage.
  • Premises: Modern style restaurant and al fresco dining, bar and large kitchen with an area of 310 sq. mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11.30 a.m - late
  • Lease: Current lease expires 2023 + 10 year option - Annual increases 4%
  • Employees: 10 fulltimers + 11 parttimers + full time Manager
  • Comments: A rare opportunity to build the business more due to growth in area with the existing business already showing great profits- Great storage and cool room facilities - $750,000 spent on state of the art fitout. -

Weekly Summary

Weekly Takings
(inc GST)

$40,000

Cost of Goods

$12,000

Gross Profit

$28,000

Rent

$4,511

Wages

$16,517

Telephone

$156

Insurance

$125

Electricity

$1,138

Gas

$833

Misc1

$1,220

Total Expenses

$24,500

Estimated Stock (Additional)

$30,000

Net Profit

$3,500

Price

$295,000

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