Visit this listing at https://www.sbx.com.au/business?id=TTQN1111

Business Code: TTQN1111

Key Features: Bistro - Restaurant - Bar - Under Management - Netting $7,200 p.w.

State: QLD

Suburb: Newstead, 4006

Location: Northern Brisbane City Fridge location surrounded by new rapidly developing apartment & office blocks.

Description

Restaurant and Bar serving modern Australian cuisine with share platters for lunch and dinner. - Full range of draught and crafted bears and wines. - All fresco dining with 80 seats outside and 60 seats inside. -Full commercial kitchen. - Great storage and cool room facilities. - Can easily cope with a larger capacity up to 200 guests for function, weddings, corporate and cocktails party.

Summary

  • Features: Top location - Outstanding fit out -Currently run under management - Well established - Long Lease
  • Potential: A new owner / operator has potential to increase both turnover and profits. - Currently not open for breakfast so could easily increase turnover & profit by adding breakfast. - Experienced operators could easily achieve sales over $45,000 p.w.
  • Premises: Modern style restaurant and all fresco dining, bar and large kitchen with an area of 310 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11:30 a.m. - Late
  • Lease: Current lease expires 29th August 2023 + 10 years option - Bond $77,000. - 4% C.P.I. increases.
  • Employees: 3 full timers + 4 part timers + 8 casuals
  • 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.

Weekly Summary

Weekly Takings (inc GST)

$38,000

Cost of Goods

$11,400

Gross Profit

$26,600

Rent

$4,936

Wages

$11,700

Telephone

$40

Insurance

$141

Electricity

$1,100

Gas

$733

Misc1

$750

Total Expenses

$19,400

Estimated Stock (Additional)

$25,000

Net Profit

$7,200

Price

$360,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Bistro - Bar

Business Code: TTQN1111
Price: $360,000

Key Features: Bistro - Restaurant - Bar - Under Management - Netting $7,200 p.w.

State: QLD

Suburb: Newstead, 4006

Location: Northern Brisbane City Fridge location surrounded by new rapidly developing apartment & office blocks.

Description

Restaurant and Bar serving modern Australian cuisine with share platters for lunch and dinner. - Full range of draught and crafted bears and wines. - All fresco dining with 80 seats outside and 60 seats inside. -Full commercial kitchen. - Great storage and cool room facilities. - Can easily cope with a larger capacity up to 200 guests for function, weddings, corporate and cocktails party.

Summary

  • Features: Top location - Outstanding fit out -Currently run under management - Well established - Long Lease
  • Potential: A new owner / operator has potential to increase both turnover and profits. - Currently not open for breakfast so could easily increase turnover & profit by adding breakfast. - Experienced operators could easily achieve sales over $45,000 p.w.
  • Premises: Modern style restaurant and all fresco dining, bar and large kitchen with an area of 310 sq.mts.
  • Trading Hours: 7 days - Mon. - Sun. - 11:30 a.m. - Late
  • Lease: Current lease expires 29th August 2023 + 10 years option - Bond $77,000. - 4% C.P.I. increases.
  • Employees: 3 full timers + 4 part timers + 8 casuals
  • 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.

Weekly Summary

Weekly Takings
(inc GST)

$38,000

Cost of Goods

$11,400

Gross Profit

$26,600

Rent (ex GST)

$4,936

Wages

$11,700

Telephone

$40

Insurance

$141

Electricity

$1,100

Gas

$733

Misc1

$750

Total Expenses

$19,400

Estimated Stock (Additional)

$25,000

Net Profit

$7,200

Price

$360,000

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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.