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.
Key Facts:
Year Established: 2008, Current Owner: 2014
Sales/Turnover: FY 2022/2023: $3,791,532
Net Profit (3-year average): $730,000
Working Capital: $50,000
Lease Options: 4 x 5 years
Lease Expiry: July 2035
Rent: $180,908.05 p.a. + $11,491 outgoings p.a.
- Premises Size: 880m2 with additional council-approved footpath dining area
Staff Requirements: Currently 22 on staff
Trading Days: Monday - Sunday, 11:00am onwards
Business Highlights:
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.
Business Overview
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.
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.
Business Categories: Food and Hospitality, Restaurant, Leisure and Entertainment, Bar, Liquor
