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Posted by Benchmark Business Sales & Valuations on 15/05/2018 in Business

Stylish Bar and Restaurant For Sale | Brisbane

$450,000 - + SAV


Description

Stylish Bar and Restaurant For Sale  /  Brisbane

Excellent Value-For-Money in New Farm


This restaurant for sale has the market to Itself.  It’s strategically located in the most upmarket part of New Farm. And there’s nothing similar for blocks around. It features popular Italian fare with a modern edge. So it’s very busy. And therefore very profitable.




Sophisticated and Smart…




Starched white linen.  Dark leather banquettes.  Gilt-edged mirrors.


All suggest a swanky venue. And it is. But while it’s smart, it’s also friendly and casual. Completely unpretentious.


It has a reputation for beautiful food, artily presented with flair and a friendly smile.


And it clearly fits its market.  This high end inner Brisbane riverside suburb is home to well-heeled residents, all within an easy walk of this restaurant and bar for sale.  So they regularly gather here, safe in the knowledge they won’t have to drive home.  The average spend is more akin to a CBD venue.


But the occupancy costs aren’t.  So this restaurant and bar for sale is very profitable.


Weekly revenue from breakfast and lunch six days and dinner five nights averages over $30,000.  That translated into a FY2017 net profit of over $250,000. And that’s while it’s semi-managed.


There’s a team of well-trained, reliable and loyal staff, both front-of-house and in the kitchen. And systems and procedures are focused on consistency of high quality dishes and sequence of service.  So guests can expect a first-rate experience every time.  It’s a well-oiled machine that produces very good returns.




Asking Less than the Fit-Out…




You can tell this restaurant for sale has had lots of money spent on it…at least $400,000 of it in fact.  So there’s little more to spend.  Which makes its acquisition incredible value-for money.  For this price you could not fit it out in today’s dollars.  On top of that, you get a business netting over a quarter of a million dollars!


So you must express your interest now.


FOR SALE:  $450,000 + SAV


Contact the food and hospitality specialist Jo-Anne Wilson today on 0403 542 213 or email jo-anne@benchmarkbusiness.com.au

Food & Beverage Products and Hospitality Suppliers Benchmark Business Sales & Valuations
Benchmark Business Sales & Valuations
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Contact Benchmark Business Sales & Valuations
Ad Type For Sale
Type of Opportunity Business
Category Food & Drink
Asking Price $450,000 - + SAV

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