Exceptional Bar & Restaurant w/ Million Dollars in T/O
Brisbane City QLD
Last asking price $349,000
Sold June 2023
Leisure, Food & Drink, Food & Drink
• $1.5 million in turnover
• Over $200 thousand in profit
• Fully-managed
• At least 8 more years in lease
• Amazingly cheap rent - only 8% of turnover
• Exceptional fit-out costing $1 million
• Outstanding location
• Solid Marketing with thousands of Social Media followers
The business is primarily known for its Modern Australian dishes complemented by a wide variety of fine liquor. During day time, the store competes as a cafe, selling about 35 kgs of coffee per week. Nevertheless, the venue's exceptional fit-out also speaks a lot to the reason why patrons frequent this bar. Open 7 days a week with license to trade until midnight and has allocated areas for small functions.
This Restaurant and Bar business claims an average of $25 per transaction while $70 to $80 on dinner alone. Moreover, the business is fully managed & equipped with robust system and well-trained staff.
The venue is spectacularly situated between three busy roads and features striking interiors. It has an outdoor seating area and offers amazing entertainment.
No specific skills are required & training will be provided for the new owner. Food & liquor licences are, however are a prerequisite to continue trading.
Call now for further information.
Broker: Redmako Business Sales
Phone: xxxxx
Email: xxxxx