Home Business For Sale Successful High end Bar and Restaurant for Sale Queensland

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Reference Number: bus4333

5 months ago

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Glenn Irving See all ads

+610402 754 641

Successful High end Bar and Restaurant for Sale Queensland

Food/Hospitality

Alcohol/Liquor

Restaurant

Leisure/Entertainment

Queensland

Brisbane - Greater

Offers over $2.2M + Stock

Business Overview

FOR SALE: ESTABLISHED RESTAURANT, BAR, AND LIVE MUSIC VENUE
Brisbane, Queensland
Selling Price: Offers over $2.2M plus stock

This popular Restaurant, Bar, and Live Music venue presents a unique investment opportunity. With a remarkable location and a solid reputation, this business has been prospering since its establishment in 2008 under the current ownership since 2014.

There are various opportunities for future growth, such as implementing effective local marketing strategies, exploring franchise options, and catering to local businesses and sporting clubs. Additionally, morning breakfast trade and business breakfast services can be further developed and offered

Full financial statements, including past and current figures, as well as future projections, are available to authorised buyers under confidentiality agreements. The owners are motivated to sell and are ready to provide full assistance during the transition. Don’t miss this opportunity to acquire a thriving restaurant, bar, and live music venue in a prime location. Enquire now to learn more.

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Business Snapshot:

Revenue: Over $3.79M

Profit: (3-year average): $730,000

ROI: 40% p/a

Earning Type: EBITDA

Earning Type Value: EBITDA

Sales/Turnover: FY 2022/2023: $3,791,532

Net Profit (3-year average): $730,000

Working Capital: $50,000

Rent: $180,908.05 p.a. + $11,491 outgoings p.a.

The Key Details:

Year Established: 2008, Current Owner: 2014

Lease Options: 4 x 5 years

Lease Expiry: July 2035

Premises Size: 880m2 with additional council-approved footpath dining area

Staff Requirements: Currently 22 on staff

Trading Days: Monday - Sunday, 11:00am onwards

Extensive product range, including creative meals, diverse beers, wines, and cocktails

Excellent location

Highly regarded by local customers, holidaymakers, and boating tourists

Well-equipped with quality furniture and outdoor sun awnings

Experienced and qualified staff in place

Consistent sales growth and increasing profits year after year

Summary

FOR SALE: Offers over $2.2M plus stock

Contact the exclusive broker direct:

Glenn Irving
Benchmark Business Sales and Valuations
M: 0402 754 641
T: 1300 366 521

If you'd like to know more about the business, go to www.benchmarkbusiness.com.au and use the reference: bus4333 to search for the business.

Benchmark Business Sales and Valuations

Please ensure you have the necessary capital or equity before expressing an interest in this business.

The image shown is for illustration purposes only and may not be an exact representation of the business.

Successful High end Bar and Restaurant for Sale Queensland

Food/Hospitality

Alcohol/Liquor

Restaurant

Leisure/Entertainment

Queensland

Brisbane - Greater

Offers over $2.2M + Stock

Contact Business Broker

Glenn Irving See all ads

+610402 754 641

Contact Business Broker

Glenn Irving See all ads

+610402 754 641

1300 366 521

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Client Testimonials

Melanie made the whole buying process straight forward

Melanie made the whole buying process straight forward and was so calming and approachable. . She was always available to answer my questions and extremely helpful. I highly recommend Melanie. – Gabbi Every (5 Star Google Review)

Melanie Cordony

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Highly recommend Mel

Mel has been fantastic guiding me through the whole process of the sale from start to finish! Would highly recommend her. – 5 Star Google Review

Melanie Cordony

0417 212 686

Clearly explains and patient

Mel was lovely, patient and did all the work and explained everything so I understood it. Very happy. – 5 Star Google Review

Melanie Cordony

0417 212 686

Never missed a detail – Google Review

I can not thank you Glenn Irving and his team at Benchmark enough,they treated me with respect always and never missed a detail ,there were many.I would highly recommended them to handle your business sale .Brilliant. – Chetan

Glenn Irving

0402 754 641

Glenn worked tirelessly to achieve a great sales outcome – Google Review

Glenn Irving from Benchmark Business Brokers worked tirelessly to achieve a great sales outcome for us. Glenn achieved our asking price and made the process as hassle free as possible in what was, at times, a complicated sale. Thanks Glenn – Scott

Glenn Irving

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special thanks to Ian Haggerty for his unwavering involvement

I would just like to say a very big thank you to Benchmark Corporate, but a special thanks to Ian Haggerty for his unwavering involvement, during our recent and very successful sale of my company to a National equipment hire company. The whole process from start to finish was very professional and cordial. Liaising with all stakeholders, […]

Ian Haggerty

0406 661 346

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