Visit this listing at https://www.sbx.com.au/business?id=TQQ1158

Business Code: TQQ1158

Key Features: 2 venues - Bar & Bistro + Bottle shop.

State: QLD

Suburb: Fortitude Valley, 4006

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

Description

Bar and bistro with Hotel License + bottle shop with ability to open and own 3 more bottle shops in the area. - 2 venues - The Bistro offers quality food with all pasta made in house, and locally sourced ingredients - bar downstairs on the mezzanine level - includes a full commercial kitchen - seats 200. - The bottle shop has its own seating area and stocks a good selection of beer, boutique beers, ciders & wine selection - seats 20.

Summary

  • Features: Outstanding quality fit out - All digital marketing and fantastic website in place. -Under management, - Long Lease, - Low Rent, - Amazing Location,
  • Potential: Owner operators would save on wages, Increase promotions for functions & special events. - Uber eats Deliveroo & Menu Log -Under current restrictions the restaurant seats 132, but full capacity with combined seated and standing functions is upward of 200.
  • Premises: State of art fit out with Mezzanine Bar, with private dining on two levels, includes alfresco open area with decking 210m2 and lane way adjacent to bottle shop total 27m2.
  • Trading Hours: 5 days - Sun. -Wed. -Thurs. - 12 noon - 11 p.m. - Fri . - Sat . - 12 noon - 3 a.m.
  • Lease: New lease offered to buyer for 5 years - Bistro $10,000 + GST per month - Bottle Shop $1.900 + GST per month - 3 month cash bond required
  • Employees: Sous Chef fulltime + Kitchen Manager + Bar Supervisor + FOH Manager +16 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$27,000

Cost of Goods

$5,940

Gross Profit

$21,060

Rent

$2,746

Wages

$12,000

Telephone

$80

Insurance

$120

Electricity

$400

Gas

$300

Misc1

$250

Misc2

$2,564

Total Expenses

$18,460

Estimated Stock (Additional)

$50,000

Equipment (Included)

$150,000

Net Profit

$2,600

Price

$350,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bistro - Bar - Bottle Shop - Under Management - Hotel License

Business Code: TQQ1158
Price: $350,000

Key Features: 2 venues - Bar & Bistro + Bottle shop.

State: QLD

Suburb: Fortitude Valley, 4006

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

Description

Bar and bistro with Hotel License + bottle shop with ability to open and own 3 more bottle shops in the area. - 2 venues - The Bistro offers quality food with all pasta made in house, and locally sourced ingredients - bar downstairs on the mezzanine level - includes a full commercial kitchen - seats 200. - The bottle shop has its own seating area and stocks a good selection of beer, boutique beers, ciders & wine selection - seats 20.

Summary

  • Features: Outstanding quality fit out - All digital marketing and fantastic website in place. -Under management, - Long Lease, - Low Rent, - Amazing Location,
  • Potential: Owner operators would save on wages, Increase promotions for functions & special events. - Uber eats Deliveroo & Menu Log -Under current restrictions the restaurant seats 132, but full capacity with combined seated and standing functions is upward of 200.
  • Premises: State of art fit out with Mezzanine Bar, with private dining on two levels, includes alfresco open area with decking 210m2 and lane way adjacent to bottle shop total 27m2.
  • Trading Hours: 5 days - Sun. -Wed. -Thurs. - 12 noon - 11 p.m. - Fri . - Sat . - 12 noon - 3 a.m.
  • Lease: New lease offered to buyer for 5 years - Bistro $10,000 + GST per month - Bottle Shop $1.900 + GST per month - 3 month cash bond required
  • Employees: Sous Chef fulltime + Kitchen Manager + Bar Supervisor + FOH Manager +16 casuals
  • Sale Reason: Other commitments
  • Comments: A rare opportunity to build the business due to growth in area with the existing business already showing great profits. - $750,000 spent on state of the art fit out.- Great opportunity to purchase business under full management with proven track record. - This is a must inspect 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)

$27,000

Cost of Goods

$5,940

Gross Profit

$21,060

Rent (ex GST)

$2,746

Wages

$12,000

Telephone

$80

Insurance

$120

Electricity

$400

Gas

$300

Misc1

$250

Misc2

$2,564

Total Expenses

$18,460

Estimated Stock (Additional)

$50,000

Equipment (Included)

$150,000

Net Profit

$2,600

Price

$350,000

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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.