Visit this listing at https://www.sbx.com.au/business?id=TTQE1056

Business Code: TTQE1056

Key Features: Unique dining experience

State: QLD

Suburb: Ascot, 4007

Location: Close to a major race track in one of the original premium precincts of Brisbane with great proximity to airport & CBD.

Description

Bar - Cafe - Restaurant - Events venue serving a modern fusion Asian / Vietnamese cuisine with full breakfast, lunch and dinner menus. - Serves a unique house menu for breakfast and lunch such as crispy pork belly boa buns, verandah porridge, BLT salads, brekky bowls, also many regular dishes including eggs Benedict, bacon & eggs. - Catering menu options for strict dietary requirements also available. - Fully licensed serving a range of Australians finest wines, craft beers, Champagne and a variety of unique cocktails. - Full commercial kitchen - 2 separate sections for the espresso bar & Restaurant / bar dine in. - Seating 200+ inside & out.

Summary

  • Features: Licenced - A very unique dining experience with espresso bar & bar being separate to restaurant. - Fit out cost was over $900k.
  • Potential: Could expand on offering more exclusive events and functions. - No current local marketing being done for surrounding residences for lunch and breakfast specials. - This business would suit two owner operators.
  • Premises: This business has an area of 400m2 with a large alfresco dining area, office space & additional storage.
  • Trading Hours: Cafe - Mon. - Sun. - 6:00 a.m. - 2:00 p.m. - Bar / Restaurant - 7:00 a.m. - 9:00 p.m. - Tues. - Sun. - closed Monday.
  • Lease: 10 year lease expires May, 2021 + 5 year option - C.P.I increases. - 3 month bond.
  • Employees: 1 owner + 1 full time Manager + 3 full timers +. 20 casuals.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$30,000

Cost of Goods

$9,000

Gross Profit

$21,000

Rent

$3,250

Wages

$10,500

Outgoings

$115

Telephone

$25

Insurance

$115

Electricity

$330

Gas

$50

Misc1

$3,615

Coffee Kilos P/W

50

Total Expenses

$18,000

Estimated Stock (Additional)

$30,000

Equipment (Included)

$150,000

Net Profit

$3,000

Price

$599,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Bar - Cafe - Restaurant - Under Management

Business Code: TTQE1056
Price: $599,000

Key Features: Unique dining experience

State: QLD

Suburb: Ascot, 4007

Location: Close to a major race track in one of the original premium precincts of Brisbane with great proximity to airport & CBD.

Description

Bar - Cafe - Restaurant - Events venue serving a modern fusion Asian / Vietnamese cuisine with full breakfast, lunch and dinner menus. - Serves a unique house menu for breakfast and lunch such as crispy pork belly boa buns, verandah porridge, BLT salads, brekky bowls, also many regular dishes including eggs Benedict, bacon & eggs. - Catering menu options for strict dietary requirements also available. - Fully licensed serving a range of Australians finest wines, craft beers, Champagne and a variety of unique cocktails. - Full commercial kitchen - 2 separate sections for the espresso bar & Restaurant / bar dine in. - Seating 200+ inside & out.

Summary

  • Features: Licenced - A very unique dining experience with espresso bar & bar being separate to restaurant. - Fit out cost was over $900k.
  • Potential: Could expand on offering more exclusive events and functions. - No current local marketing being done for surrounding residences for lunch and breakfast specials. - This business would suit two owner operators.
  • Premises: This business has an area of 400m2 with a large alfresco dining area, office space & additional storage.
  • Trading Hours: Cafe - Mon. - Sun. - 6:00 a.m. - 2:00 p.m. - Bar / Restaurant - 7:00 a.m. - 9:00 p.m. - Tues. - Sun. - closed Monday.
  • Lease: 10 year lease expires May, 2021 + 5 year option - C.P.I increases. - 3 month bond.
  • Employees: 1 owner + 1 full time Manager + 3 full timers +. 20 casuals.
  • Sale Reason: Other business venture commitments.
  • Comments: First time on the market - Current owner works 25-30 hours p.w. covering administration work. - Peak sales have reached $35,000-$38,000 p.w. - All equipment owned. - Figures displayed above are based on current operation of being under management. - Rare opportunity to obtain a very successful business. - This business would suit an experienced owner operator to run the cafe and bar.

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)

$30,000

Cost of Goods

$9,000

Gross Profit

$21,000

Rent (ex GST)

$3,250

Wages

$10,500

Outgoings

$115

Telephone

$25

Insurance

$115

Electricity

$330

Gas

$50

Misc1

$3,615

Coffee Kilos P/W

50

Total Expenses

$18,000

Estimated Stock (Additional)

$30,000

Equipment (Included)

$150,000

Net Profit

$3,000

Price

$599,000

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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.