Visit this listing at https://www.sbx.com.au/business?id=TQQ1145

Business Code: TQQ1145

Key Features: Location Location - Well known award winning restaurant

State: QLD

Location: Situated In the heart of upscale dining & shopping precinct in one of the most elite retail streets in Brisbane.

Description

Restaurant - Bistro offering a modern inspired menu, 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: Set in architecturally designed building. Sophisticated & well maintained, overall a first class venue with an area of 220m2.
  • Trading Hours: 7 days - Dinner - Mon. - Sun. - 5 p.m. - 10 p.m. Lunch - Fri. - Sun. - 12 noon. - 10 p.m.
  • Lease: Current 8 year lease commenced 1st Feb. 2014 - 4% CPI increases - 6 month bank guarantee. - further option available.
  • Employees: 1 Manager + 1 supervisor + 1 sommelier + 9 chefs (mostly fulltime) - Front of house - 4 fulltimers + 6 casuals
  • 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 - Since opening in 2012, this venue has received multiple accolades and notable mentions from various reputable publications including The Gourmet Traveller, The Weekend Australian?s Hot 50, Financial Review ? and numerous other Best Restaurant Awards. - A working owner could expect weekly profit of over $10,000 - .The figures above are based on 3 separate Managers involved in running the business.

Weekly Summary

Weekly Takings (inc GST)

$74,296

Cost of Goods

$22,300

Gross Profit

$51,996

Rent

$4,158

Wages

$22,169

Outgoings

$650

Telephone

$61

Insurance

$182

Electricity

$1,378

Misc1

$15,863

Total Expenses

$44,461

Estimated Stock (Additional)

$20,000

Equipment (Included)

$200,000

Net Profit

$7,535

Price

$650,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bistro - Restaurant - Under Management

Business Code: TQQ1145
Price: $650,000

Key Features: Location Location - Well known award winning restaurant

State: QLD

Location: Situated In the heart of upscale dining & shopping precinct in one of the most elite retail streets in Brisbane.

Description

Restaurant - Bistro offering a modern inspired menu, 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: Set in architecturally designed building. Sophisticated & well maintained, overall a first class venue with an area of 220m2.
  • Trading Hours: 7 days - Dinner - Mon. - Sun. - 5 p.m. - 10 p.m. Lunch - Fri. - Sun. - 12 noon. - 10 p.m.
  • Lease: Current 8 year lease commenced 1st Feb. 2014 - 4% CPI increases - 6 month bank guarantee. - further option available.
  • Employees: 1 Manager + 1 supervisor + 1 sommelier + 9 chefs (mostly fulltime) - Front of house - 4 fulltimers + 6 casuals
  • 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 - Since opening in 2012, this venue has received multiple accolades and notable mentions from various reputable publications including The Gourmet Traveller, The Weekend Australian?s Hot 50, Financial Review ? and numerous other Best Restaurant Awards. - A working owner could expect weekly profit of over $10,000 - .The figures above are based on 3 separate Managers involved in running the business.

Weekly Summary

Weekly Takings
(inc GST)

$74,296

Cost of Goods

$22,300

Gross Profit

$51,996

Rent (ex GST)

$4,158

Wages

$22,169

Outgoings

$650

Telephone

$61

Insurance

$182

Electricity

$1,378

Misc1

$15,863

Total Expenses

$44,461

Estimated Stock (Additional)

$20,000

Equipment (Included)

$200,000

Net Profit

$7,535

Price

$650,000

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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.