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Restaurant - Bar - Italian Cuisine - Outstanding Opportunity For Sale

Brisbane, Queensland
Asking Price:
$900,000 (AUD)
Sales Revenue:
$7,499,128 (AUD)
Cash Flow:
$721,344 (AUD)

Restaurant serving modern classic Italian cuisine and separate bar serving tapas and shared plates both with spectacular water views. - Two separate leases. - Two commercial kitchens,bars, storage and office. - Restaurant seats 200 and 60 in separate bar. - Elegant waterfront dining - spectacular bar with state of the art finishes. - The venues cater for functions, parties and weddings to the business community, tourists and Brisbane residents.

Potential
This long established and renowned restaurant and bar is now ready for a new group/ family to take this business forward. -Nothing to spend on these luxury fit outs which cost in excess of $2 m. - Future options are endless.

Features
One of Brisbane finest restaurants established and run for over 24 years by experienced Brisbane family. - 6% flat rent on turnover. - Overall capacity allows serving and entertaining of up to 300 people. - Huge sales and profits. - Multi award winner

Premises
Restaurant, bar and full commercial kitchen with an area of 368 sq.mts. +147 sq mts. of separate bar and commercial kitchen.

Location
Premier Brisbane river location in the heart of the fine dining precinct.

Trading Hours
7 days - Mon. -Tues. - 3 p.m. till close -Wed. - Sun. - 12 noon till close

Lease
Restaurant lease expires Dec. 2020 -Bar lease expires July 2022

Employees
1 owner part time, + 18 fulltimers + 31 parttimers

Comments

Property information

Location:

Premier Brisbane river location in the heart of the fine dining precinct.

Business Operation

Expansion Potential:

This long established and renowned restaurant and bar is now ready for a new group/ family to take this business forward. -Nothing to spend on these luxury fit outs which cost in excess of $2 m. - Future options are endless.

Trading hours:

7 days - Mon. -Tues. - 3 p.m. till close -Wed. - Sun. - 12 noon till close

Employees:
1 owner part time, + 18 fulltimers + 31 parttimers
Years established:
1992

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