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 in one of the most elite retail streets in 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 take on classic dishes using locally sourced ingredients with traditional technique. - The menu is designed to be shared along with carefully selected curated wine list to enhance one of the finest dining experiences in Brisbane. - Full commercial kitchen, great bar facilities and separate function room. - 200 seats.

Summary

  • Features: Award winning restaurant. - Employs & trains the best staff in Brisbane. - Continuously featured in magazines and prestigious accolades. - 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: State of the art sophistication with a cosy New York vibe, 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: First time on the market the owner is letting go of one of the best in Qld. - a prestigious venue which suits owner operators or investors - a first class bar & restaurant - Misc.- 1 - other expenses -

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

$850,000

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: $850,000

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 in one of the most elite retail streets in 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 take on classic dishes using locally sourced ingredients with traditional technique. - The menu is designed to be shared along with carefully selected curated wine list to enhance one of the finest dining experiences in Brisbane. - Full commercial kitchen, great bar facilities and separate function room. - 200 seats.

Summary

  • Features: Award winning restaurant. - Employs & trains the best staff in Brisbane. - Continuously featured in magazines and prestigious accolades. - 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: State of the art sophistication with a cosy New York vibe, 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: First time on the market the owner is letting go of one of the best in Qld. - a prestigious venue which suits owner operators or investors - a first class bar & restaurant - Misc.- 1 - other expenses -

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

$850,000

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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.