Visit this listing at https://www.sbx.com.au/business?id=TQQ1139

Business Code: TQQ1139

Key Features: Award winning Bar & Restaurant - Takings $4.6 mil p.a. - Profit $390k p.a.

State: QLD

Suburb: Fortitude Valley, 4006

Location: Situated In the heart of upscale dining & shopping precinct of Brisbane.

Description

Bar and Bistro offering a modern inspired menu, impressive wine list, great design and high quality fit out. - The menu offers a modern fine dining experience - Full commercial kitchen, great bar facilities and separate function room. - 200 seats.

Summary

  • Features: Employs & trains the best staff in Brisbane. Well established. - Location Location. - Outstanding fitout and design.
  • Potential: Owner operators could save on wages, tap into more corporate events , increase marketing and promotions and social media presence which is lacking at the moment.
  • Premises: Set in architecturally designed building of the highest quality fit out with an area of 400m2.
  • Trading Hours: 7 days - Mon. to Sun. - 5 p.m. - 10 p.m.- Wed. to Sun. - 12 p.m. - 10 p.m.
  • Lease: Current 8 year lease commenced 1st Feb. 2014 - 4% CPI increases - 6 month bank guarantee. - further option available.
  • Employees: 15 fulltimers +. 3 Managers + 9 chefs + 20 staff.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$90,392

Cost of Goods

$33,205

Gross Profit

$57,187

Rent

$5,630

Wages

$34,000

Outgoings

$915

Telephone

$90

Insurance

$400

Electricity

$2,057

Misc1

$6,560

Total Expenses

$49,652

Estimated Stock (Additional)

$20,000

Equipment (Included)

$500,000

Net Profit

$7,535

Price

$745,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bar - Bistro - Under Management

Business Code: TQQ1139
Price: $745,000

Key Features: Award winning Bar & Restaurant - Takings $4.6 mil p.a. - Profit $390k p.a.

State: QLD

Suburb: Fortitude Valley, 4006

Location: Situated In the heart of upscale dining & shopping precinct of Brisbane.

Description

Bar and Bistro offering a modern inspired menu, impressive wine list, great design and high quality fit out. - The menu offers a modern fine dining experience - Full commercial kitchen, great bar facilities and separate function room. - 200 seats.

Summary

  • Features: Employs & trains the best staff in Brisbane. Well established. - Location Location. - Outstanding fitout and design.
  • Potential: Owner operators could save on wages, tap into more corporate events , increase marketing and promotions and social media presence which is lacking at the moment.
  • Premises: Set in architecturally designed building of the highest quality fit out with an area of 400m2.
  • Trading Hours: 7 days - Mon. to Sun. - 5 p.m. - 10 p.m.- Wed. to Sun. - 12 p.m. - 10 p.m.
  • Lease: Current 8 year lease commenced 1st Feb. 2014 - 4% CPI increases - 6 month bank guarantee. - further option available.
  • Employees: 15 fulltimers +. 3 Managers + 9 chefs + 20 staff.
  • Sale Reason: Other business commitments
  • Comments: Suits owner operators or investors - a popular bar & restaurant - Misc.- 1 - other expenses - The figures above are based on 3 separate Managers involved in running the business.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$90,392

Cost of Goods

$33,205

Gross Profit

$57,187

Rent (ex GST)

$5,630

Wages

$34,000

Outgoings

$915

Telephone

$90

Insurance

$400

Electricity

$2,057

Misc1

$6,560

Total Expenses

$49,652

Estimated Stock (Additional)

$20,000

Equipment (Included)

$500,000

Net Profit

$7,535

Price

$745,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.