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Brisbane City, Queensland 4000

SOLD

Alcohol/LiquorBars/NightclubsRestaurant

Bar and Grill with Private Conference Room Ref: 2444

Bar and Beer Garden, Restaurant, Pizzeria and Conference Room this venue has the lot. Excellent location, inner North West suburb, this is where the locals eat, meet and drink.

* With sales of $1,350,000 for 2013 and currently turning over between $36k to $41k per week;
* Showing a net profit in excess of $153,000 as a managed business;
* Massively asset rich business, currently showing $400k written down plant and equipment value;
* Three level premises;
* Trading 6 days 11am to late;
* Independent and trading successfully since 2007;
* Full team of well trained staff in place;
* Very popular local venue with ample parking available;
* Lease to 2017 with a 5 year option;
* Rent only $1,600 per week.

This business is going from strength to strength from a bustling base; here is a genuine opportunity for an active owner to take a local star to the next stage of development.

Well priced at $480,000 + SAV

Broker: Hugo Martin 0411 617 140 / hugo@absbrisbane.com
Head Office: 07 3368 4010/reception@absbrisbane.com

Business Features

Business Snapshot

Price: SOLDAdjusted Net Profit: $153,000 Trial: no Rent: $6,933 Lease Options: 1 x 5 years
This listing last updated: 23rd Jan 2016

Marketing Contact

Hugo Martin

Marketing Agency

Hugo Martin

ABS Business Sales - Brisbane

Map Location ( get directions )

Brisbane City, Queensland 4000 Exact map location not provided