Award Winning Restaurant With High Nets For Sale

Business description

It is rare that such a successful café/restaurant is ever for sale within this prestige Brisbane dining precinct and in this case both the business and the strata title property are available for purchase.

• Sales are stable at around $35k/wk with GP of approx 80%
• Stable 2 year ave. Net Profit $533k after all expenses & commercial rent
• Short opening hours:6days, lunch (12-3) & dinner (5:30-late), 41 wks p.a.
• Well trained staff with procedures and systems in place
• Incredible 8% Return on Freehold Investment

This award winning licensed business provides an unmatched income and lifestyle for any astute investor or restaurateur. The current owners do work in the business however they have controlled opening hours to ensure the greatest flexibility, opening only 6 days per week for Lunch and Dinner (no breakfast trade). Buyers can take advantage of this model or easily expand the profits by opening more days and extended hours.

The menu is varied, yet generally easy to prepare by most qualified chefs. The combination of simple menu with a chic fitout attracts a constant turnover and on busier evenings seating of up to 150 patrons with undercover al fresco dining.

A new ‘5 Star’ boutique hotel and a large government office tower recently opened within the complex and compliments the already well established residential units and other retail businesses thus creating a strong basis for future growth of this top licensed café restaurant.

The owners are keen to move on and are offering both the business and the freehold strata titled property for sale.

Property information

Real Estate:

Real Property Included

Lease terms:

Freehold for sale at $1.8 Million

Location:

Brisbane

Other information

Trading hours:

6 days