Visit this listing at https://www.sbx.com.au/business?id=TQQ1142

Business Code: TQQ1142

Key Features: Very popular venue

State: QLD

Location: Situated on busy main road in prime night life entertainment precinct of Brisbane City Fringe.

Description

Bar serving a superb range of wine, house spritz, a selection of beers on tap, gin, whiskey, and signature curated house cocktails, complimented with a small selection of quality artisan cheese and charcuterie - Licensed - seats 100 - Outstanding quality fitout with state of the art lighting and furnishings.

Summary

  • Features: First class quality fit out - Great corner location - Low rent and long lease - Priced to sell with great profit and sales.
  • Potential: All digital marketing and fantastic website in place offering bookings for functions & special events. - Business is in growth mode and the figures will potentially grow with owner operators.- Sales could expand to $25,000 p.w. and profit over $5000 p.w.
  • Premises: Opulent first class bar with an intimate setting, very glamorous fit out which is one of the finest in Brisbane with an area of 149 m2.
  • Trading Hours: 6 days - Tues. - Thurs. - 5 p.m. - 1 a.m. - Fri. and Sat. from 5 p.m. till 2 a.m.
  • Lease: Current lease commenced September, 2018 - 11 years remaining - CPI increases 4 % - Bond - Bank Guarantee $30,000
  • Employees: 1 owner + 3 full timers + 1 casual
  • Comments: The figures above are based on an owner working in the business full-time. The reality is the current owners do not work in the business as they have a number of other businesses they are involved in. - The overall standard and quality of the venue is without a doubt one of the best in Brisbane. -

Weekly Summary

Weekly Takings (inc GST)

$16,000

Cost of Goods

$4,500

Gross Profit

$11,500

Rent

$2,200

Wages

$3,725

Telephone

$25

Insurance

$300

Electricity

$300

Misc1

$1,950

Total Expenses

$8,500

Estimated Stock (Additional)

$40,000

Equipment (Included)

$300,000

Net Profit

$3,000

Price

$225,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar

Business Code: TQQ1142
Price: $225,000

Key Features: Very popular venue

State: QLD

Location: Situated on busy main road in prime night life entertainment precinct of Brisbane City Fringe.

Description

Bar serving a superb range of wine, house spritz, a selection of beers on tap, gin, whiskey, and signature curated house cocktails, complimented with a small selection of quality artisan cheese and charcuterie - Licensed - seats 100 - Outstanding quality fitout with state of the art lighting and furnishings.

Summary

  • Features: First class quality fit out - Great corner location - Low rent and long lease - Priced to sell with great profit and sales.
  • Potential: All digital marketing and fantastic website in place offering bookings for functions & special events. - Business is in growth mode and the figures will potentially grow with owner operators.- Sales could expand to $25,000 p.w. and profit over $5000 p.w.
  • Premises: Opulent first class bar with an intimate setting, very glamorous fit out which is one of the finest in Brisbane with an area of 149 m2.
  • Trading Hours: 6 days - Tues. - Thurs. - 5 p.m. - 1 a.m. - Fri. and Sat. from 5 p.m. till 2 a.m.
  • Lease: Current lease commenced September, 2018 - 11 years remaining - CPI increases 4 % - Bond - Bank Guarantee $30,000
  • Employees: 1 owner + 3 full timers + 1 casual
  • Comments: The figures above are based on an owner working in the business full-time. The reality is the current owners do not work in the business as they have a number of other businesses they are involved in. - The overall standard and quality of the venue is without a doubt one of the best in Brisbane. -

Weekly Summary

Weekly Takings
(inc GST)

$16,000

Cost of Goods

$4,500

Gross Profit

$11,500

Rent (ex GST)

$2,200

Wages

$3,725

Telephone

$25

Insurance

$300

Electricity

$300

Misc1

$1,950

Total Expenses

$8,500

Estimated Stock (Additional)

$40,000

Equipment (Included)

$300,000

Net Profit

$3,000

Price

$225,000

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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.