Bar - Restaurant - Function Venue - Award
winning Bar & Restaurant - Takings $4.6 mil p.a. -
Profit $390k p.a. - TQQ1139

Industry: Food/Hospitality - All | Listed by: SBX Business Brokers
Key Strengths
About this business
Bar - Restaurant - Function Venue - Brisbane City Fringe - Agent SBX Code Number: TQQ1139

Bar and Bistro offering a modern inspired menu, impressive wine list, great design and high quality fit out. - The menu offers a modern take on classic dishes using locally sourced ingredients with traditional technique. - The menu is designed to be shared along with carefully selected curated wine list to enhance one of the finest dining experiences in Brisbane. - Full commercial kitchen, great bar facilities and separate function room. - 200 seats.

Potential
Owner operators could save on wages, tap into more corporate events , increase marketing and promotions and social media presence which is lacking at the moment.

Features
Award winning restaurant. - Employs & trains the best staff in Brisbane. - Continuously featured in magazines and prestigious accolades. - Well established. - Location Location. - Outstanding fitout and design.

Premises
State of the art sophistication with a cosy New York vibe, set in architecturally designed building of the highest quality fit out with an area of 400m2.

Location
Situated In the heart of upscale dining & shopping precinct in one of the most elite retail streets in Brisbane.

Trading Hours
7 days - Mon. to Sun. - 5 p.m. - 10 p.m.-Wed. to Sun. - 12 p.m. - 10 p.m.

Lease
Current 8 year lease commenced 1st Feb. 2014 - 4% CPI increases - 6 month bank guarantee. - further option available.

Employees
15 fulltimers +. 3 Managers + 9 chefs + 20 staff.

Comments
First time on the market the owner is letting go of one of the best in Qld. - a prestigious venue which suits owner operators or investors - a first class bar & restaurant - Misc.- 1 - other expenses - Since opening in 2012, this venue has received multiple accolades and notable mentions from various reputable publications including The Gourmet Traveller, The Weekend Australians Hot 50, Financial Review and numerous other Best Restaurant Awards. - A working owner could expect weekly profit of over $10,000 - .The figures above are based on 3 separate Managers involved in running the business.

Figures
Weekly Sales $90392
Rent (ex GST) $5630
Wages $34000
Profit $7535


Agent SBX Code Number: TQQ1139 - SBX Business Brokers
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Business Name / Ref #:
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Location:
Fortitude Valley
QLD
Asking Price:
$1,300,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
5630
Trading Hours:
Website:
Contact Details:
02 9439.....
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Advertiser Details

One of the largest business brokers in Australia, providing personalised service to buyers and sellers of businesses
Location: Suite 1, Level 2, 2 - 4 Pacific Highway
St Leonards, New South Wales
2065, Australia

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All Comments

Bar - Restaurant - Function Venue - Award winning Bar & Restaurant - Takings $4.6 mil p.a. - Profit $390k p.a. - TQQ1139 ListingImage
About this business
Bar - Restaurant - Function Venue - Brisbane City Fringe - Agent SBX Code Number: TQQ1139

Bar and Bistro offering a modern inspired menu, impressive wine list, great design and high quality fit out. - The menu offers a modern take on classic dishes using locally sourced ingredients with traditional technique. - The menu is designed to be shared along with carefully selected curated wine list to enhance one of the finest dining experiences in Brisbane. - Full commercial kitchen, great bar facilities and separate function room. - 200 seats.

Potential
Owner operators could save on wages, tap into more corporate events , increase marketing and promotions and social media presence which is lacking at the moment.

Features
Award winning restaurant. - Employs & trains the best staff in Brisbane. - Continuously featured in magazines and prestigious accolades. - Well established. - Location Location. - Outstanding fitout and design.

Premises
State of the art sophistication with a cosy New York vibe, set in architecturally designed building of the highest quality fit out with an area of 400m2.

Location
Situated In the heart of upscale dining & shopping precinct in one of the most elite retail streets in Brisbane.

Trading Hours
7 days - Mon. to Sun. - 5 p.m. - 10 p.m.-Wed. to Sun. - 12 p.m. - 10 p.m.

Lease
Current 8 year lease commenced 1st Feb. 2014 - 4% CPI increases - 6 month bank guarantee. - further option available.

Employees
15 fulltimers +. 3 Managers + 9 chefs + 20 staff.

Comments
First time on the market the owner is letting go of one of the best in Qld. - a prestigious venue which suits owner operators or investors - a first class bar & restaurant - Misc.- 1 - other expenses - Since opening in 2012, this venue has received multiple accolades and notable mentions from various reputable publications including The Gourmet Traveller, The Weekend Australians Hot 50, Financial Review and numerous other Best Restaurant Awards. - A working owner could expect weekly profit of over $10,000 - .The figures above are based on 3 separate Managers involved in running the business.

Figures
Weekly Sales $90392
Rent (ex GST) $5630
Wages $34000
Profit $7535


Agent SBX Code Number: TQQ1139 - SBX Business Brokers

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:5630

Trading Hours:

Website:

$1,300,000

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