This is a highly profitable and professional business that continues to deliver excellent sales and significant net returns! This multi-faceted restaurant and function venue with a state-of-the-art kitchen and contemporary function spaces is the perfect place to host events.
The business has traded successfully for 29 years in total and has operated at the current site for 6 years. Currently trading Wed-Sat, bookings are currently made for dinner Wed-Sat and lunch Fridays and Saturdays. Evening trade with diners, event business, and bar sales completes the cycle for a dynamic modern hospitality venue with so many upsides.
Key aspects of the business:
• Modern and attractive fit-out with high quality plant and equipment.
• Award-winning Good Food Guide hatted restaurant.
• 2024 Sales of more than $3.7 million.
• Very significant net profit.
• Fully managed with excellent and highly experienced quality staff in place.
• Lease to 2028 with an attractive rental % of sales.
• Seating 75 for restaurant dining.
• Additional private dining room seats 36, complete with full AV system and private wait staff.
• Also includes a semi-private dining area for parties of 8-12
• Professional procedures and processes have been established.
• Very strong brand.
This business truly delivers! Structurally, the business supports continued growth and development and is an ideal acquisition for an expanding group, individual operator or investor looking for a strong return on investment.
Well priced at $650,000 + SAV approximately $ 10,000
For more information about this excellent opportunity, complete the Confidentiality Agreement, quoting reference no: #5752FO
Broker: Peter McPhee| Email: peter@absbrisbane.com|
Mobile: 0406 573 941
Head Office | P: 07 3368 4010| E: reception@absbrisbane.com
