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Hotel business for sale in Fortitude Valley

  • Hotel
  • Fortitude Valley QLD 4006
  • $350,000 (GST na)

TQQ1158 - Business For Sale - Hotel 2 venues - Bar & Bistro + Bottle shop.

Bistro - Bar - Bottle Shop - Under Management - Hotel License - Brisbane East
SBX Business Code: TQQ1158
Bar and bistro with Hotel License + bottle shop with ability to open and own 3 more bottle shops in the area. - 2 venues - The Bistro offers quality food with all pasta made in house, and locally sourced ingredients - bar downstairs on the mezzanine level - includes a full commercial kitchen - seats 200. - The bottle shop has its own seating area and stocks a good selection of beer, boutique beers, ciders & wine selection - seats 20.

Potential
Owner operators would save on wages, Increase promotions for functions & special events. - Uber eats Deliveroo & Menu Log -Under current restrictions the restaurant seats 132, but full capacity with combined seated and standing functions is upward of 200.

Features
Outstanding quality fit out - All digital marketing and fantastic website in place. -Under management, - Long Lease, - Low Rent, - Amazing Location,

Premises
State of art fit out with Mezzanine Bar, with private dining on two levels, includes alfresco open area with decking 210m2 and lane way adjacent to bottle shop total 27m2.

Location
Situated on busy main road in prime night life entertainment precinct of City Fringe.

Trading Hours
5 days - Sun. -Wed. -Thurs. - 12 noon - 11 p.m. - Fri . - Sat . - 12 noon - 3 a.m.

Lease
New lease offered to buyer for 5 years - Bistro $10,000 + GST per month - Bottle Shop $1.900 + GST per month - 3 month cash bond required

Employees
Sous Chef fulltime + Kitchen Manager + Bar Supervisor + FOH Manager +16 casuals

Comments
A rare opportunity to build the business due to growth in area with the existing business already showing great profits. - $750,000 spent on state of the art fit out.- Great opportunity to purchase business under full management with proven track record. - This is a must inspect business.-
Figures
Weekly Sales $27000
Rent (ex GST) $2746
Wages $12000
Profit $2600

SBX Business Code: TQQ1158

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2016654372
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Category
Last updated  21 Nov 2020
Map for Fortitude Valley QLD 4006
Map for Fortitude Valley QLD 4006Fortitude Valley QLD 4006
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