Function Centre - Bar - Restaurant

Business Code: TQQ1125


Key Features: 6 months rent free

State: QLD

Location: Situated on a mall in prime night life & entertainment precinct on Brisbane CBD City Fringe.

Description

Bar - function centre - restaurant (not being sold on figures) serving lunch & dinner with a Modern Australian menu. - Full hotel licence with licence to open 3 separate bottle shops within the area. - Separate cocktail bar, outdoor dining area, separate enclosed restaurant, private function room and large open entertainment area. - Full state of the art kitchen, 2 cold rooms, rear dry-store and storage areas, downstairs boasts huge office with security screens & $100,000 sound system - 100 seats inside - 50 seats outside. - Stunning New York Style Interiors with marble and plush finishes. - The overall standard and quality of the venue is without a doubt the best in Brisbane.

Summary

  • Features: Amazing new interior design with the highest quality fitout. - Location - Location - Fully automated lighting, and sound system. - Good rent and very long lease.

  • Potential: Business is in growth mode, marketing has been implemented with website & social media emphises. - Potential is enormous especially the corporate market, private functions, weddings. - Anticipated growth should achieve approx.$70-80,000 per week.

  • Premises: This business has an area of approx. 523 sq.,including spectacular veranda seating with fully retractable awning.

  • Trading Hours: 5 days - Wed. to Sun. - 12 p.m. - late.

  • Lease: Current lease expires Aug. 2022 + 5 + 5 year options - C.P.I. increases - 6 months rent free remaining.

  • Employees: 3 fulltime Managers + 2 chefs + 8 - 12 casuals

  • Comments: This business is not being sold on figures. (Current sales achieving $25-30,000 per week) - Inexperienced owner who is involved in building and property development. - Approx. $200,000 in function bookings -

Weekly Summary

Rent

$3,846

Estimated Stock (Additional)

$50,000

Price

$290,000

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