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Restaurant - Bistro - Bar - Bistro - Restaurant - Bar - Under Management - Netting $7,200 P.W. For Sale

Newstead, Queensland
Asking Price:
$360,000 (AUD)
Sales Revenue:
$1,976,000 (AUD)
Cash Flow:
$374,400 (AUD)

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.

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.

Features
Top location - Outstanding fit out -Currently run under management - Well established - Long Lease

Premises
Modern style restaurant and all fresco dining, bar and large kitchen with an area of 310 sq.mts.

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

Trading Hours
7 days - Mon. - Sun. - 1130 a.m. - Late

Lease
Current lease expires 29th August 2023 + 10 years option - Bond $77,000. - 4% -.-.-. increases.

Employees
3 full timers + 4 part timers + 8 casuals

Comments

Property Information

Location:

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

Business Operation

Expansion 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.

Trading hours:

7 days - Mon. - Sun. - 1130 a.m. - Late

Employees:
3 full timers + 4 part timers + 8 casuals
Years established:
2013

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