Visit this listing at https://www.sbx.com.au/business?id=TQQ1146

Business Code: TQQ1146

Key Features: There are very large depreciation benefits that would be transferred to a buyer.

State: QLD

Suburb: Brisbane, 4000

Location: Popular location In the heart of prime Brisbane CBD with great exposure and huge amounts of foot traffic

Description

Bar & Restaurant under management serving a popular lunch & dinner menu - requires a new operator with an entrepreneurial flair - requires a name change & the fit out requires a slight cosmetic modification as current brand still operating elsewhere - has a Commercial Hotel liquor licence.- Full commercial kitchen with a seating of 270 comfortably. - Beautiful new fitout at a cost of $3 million.

Summary

  • Features: Commercial Hotel Liquor License - Amazing location with long lease - Great fitout - Could potentially trade until 2 a.m. and the ability to own 3 bottle shops - $1.5 million left to depreciate from the $3 mil + fit out.
  • Potential: Sales of $120,000 + per week should be achievable - Policies and procedures already set up for new owners - Currently overstaffed by approx. 15% therefore new owner operators could potentially save about $500,000 or more on wages per year,
  • Premises: Two level bar & restaurant with an area of approx 707 m2.
  • Trading Hours: 7 days - Mon. - Sun. - 10 a.m. - 12 a.m.
  • Lease: Current 10 + 10 year lease commenced April, 2018 - 6 month bond
  • Employees: 9 full timers including Managers + 31 casuals
  • Comments: There are very large depreciation benefits that would be transferred to a buyer due to the initial construction / fit-out costs of this venue which was around $3 million. - Figures will be discussed on inspection. -

Weekly Summary

Weekly Takings (inc GST)

$80,000

Equipment (Included)

$1,500,000

Price

$595,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Restaurant - Under Management

Business Code: TQQ1146
Price: $595,000

Key Features: There are very large depreciation benefits that would be transferred to a buyer.

State: QLD

Suburb: Brisbane, 4000

Location: Popular location In the heart of prime Brisbane CBD with great exposure and huge amounts of foot traffic

Description

Bar & Restaurant under management serving a popular lunch & dinner menu - requires a new operator with an entrepreneurial flair - requires a name change & the fit out requires a slight cosmetic modification as current brand still operating elsewhere - has a Commercial Hotel liquor licence.- Full commercial kitchen with a seating of 270 comfortably. - Beautiful new fitout at a cost of $3 million.

Summary

  • Features: Commercial Hotel Liquor License - Amazing location with long lease - Great fitout - Could potentially trade until 2 a.m. and the ability to own 3 bottle shops - $1.5 million left to depreciate from the $3 mil + fit out.
  • Potential: Sales of $120,000 + per week should be achievable - Policies and procedures already set up for new owners - Currently overstaffed by approx. 15% therefore new owner operators could potentially save about $500,000 or more on wages per year,
  • Premises: Two level bar & restaurant with an area of approx 707 m2.
  • Trading Hours: 7 days - Mon. - Sun. - 10 a.m. - 12 a.m.
  • Lease: Current 10 + 10 year lease commenced April, 2018 - 6 month bond
  • Employees: 9 full timers including Managers + 31 casuals
  • Comments: There are very large depreciation benefits that would be transferred to a buyer due to the initial construction / fit-out costs of this venue which was around $3 million. - Figures will be discussed on inspection. -

Weekly Summary

Weekly Takings
(inc GST)

$80,000

Equipment (Included)

$1,500,000

Price

$595,000

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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.