Home Business For Sale Successful High end Bar and Restaurant for Sale Queensland

For Sale

Reference Number: bus4333

2 days ago

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Glenn Irving See all ads

+610402 754 641

Successful High end Bar and Restaurant for Sale Queensland

Food/Hospitality

Alcohol/Liquor

Restaurant

Leisure/Entertainment

Queensland

Brisbane - Greater

Offers over $2.2M + Stock

Business Overview

FOR SALE: ESTABLISHED RESTAURANT, BAR, AND LIVE MUSIC VENUE
Brisbane, Queensland
Selling Price: Offers over $2.2M plus stock

This popular Restaurant, Bar, and Live Music venue presents a unique investment opportunity. With a remarkable location and a solid reputation, this business has been prospering since its establishment in 2008 under the current ownership since 2014.

There are various opportunities for future growth, such as implementing effective local marketing strategies, exploring franchise options, and catering to local businesses and sporting clubs. Additionally, morning breakfast trade and business breakfast services can be further developed and offered

Full financial statements, including past and current figures, as well as future projections, are available to authorised buyers under confidentiality agreements. The owners are motivated to sell and are ready to provide full assistance during the transition. Don’t miss this opportunity to acquire a thriving restaurant, bar, and live music venue in a prime location. Enquire now to learn more.

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Business Snapshot:

Revenue: Over $3.79M

Profit: (3-year average): $730,000

ROI: 40% p/a

Earning Type: EBITDA

Earning Type Value: EBITDA

Sales/Turnover: FY 2022/2023: $3,791,532

Net Profit (3-year average): $730,000

Working Capital: $50,000

Rent: $180,908.05 p.a. + $11,491 outgoings p.a.

The Key Details:

Year Established: 2008, Current Owner: 2014

Lease Options: 4 x 5 years

Lease Expiry: July 2035

Premises Size: 880m2 with additional council-approved footpath dining area

Staff Requirements: Currently 22 on staff

Trading Days: Monday - Sunday, 11:00am onwards

Extensive product range, including creative meals, diverse beers, wines, and cocktails

Excellent location

Highly regarded by local customers, holidaymakers, and boating tourists

Well-equipped with quality furniture and outdoor sun awnings

Experienced and qualified staff in place

Consistent sales growth and increasing profits year after year

Summary

FOR SALE: Offers over $2.2M plus stock Contact the exclusive broker direct: Glenn Irving Benchmark Business Sales and Valuations M: 0402 754 641 T: 1300 366 521 If you'd like to know more about the business, go to www.benchmarkbusiness.com.au and use the reference: bus4333 to search for the business. Benchmark Business Sales and Valuations Please ensure you have the necessary capital or equity before expressing an interest in this business. The image shown is for illustration purposes only and may not be an exact representation of the business.

Successful High end Bar and Restaurant for Sale Queensland

Food/Hospitality

Alcohol/Liquor

Restaurant

Leisure/Entertainment

Queensland

Brisbane - Greater

Offers over $2.2M + Stock

Contact Business Broker

Glenn Irving See all ads

+610402 754 641

Contact Business Broker

Glenn Irving See all ads

+610402 754 641

1300 366 521

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