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Licenced Restaurant and Bar Ref: 2509

SOLD

Brisbane City, Queensland

Licenced Restaurant and Bar Ref: 2509

Bayside star performer! One of Brisbane's favourite waterfront restaurants and bar open daily for lunch and dinner as well as for breakfast on Saturday and Sunday. Seating up to 160 for restaurant and alfresco dining area, which is perfect for enjoying the waterfront views both during the day and at night.

* Turning over between $24K and $26K per week;
* 2013 figures show a turnover of $1.23million;
* With an adjusted net return of $241K+;
* Rent only an amazing $882 per week;
* With a lease to 31 August 2014 and a 5+5 year option with CPI increases;
* Well trained staff in place.

This is a very good hospitality business that ticks all the boxes, turnover, profit, location, security of tenure and well trained staff.

Very reasonably priced at $400,000 + SAV.

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

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Last updated: 23rd January 2016

Summary

Property Type
Business
Contract Type
Sold
Location
 Brisbane City
State
 Queensland
Price
SOLD
Category
  • Alcohol/Liquor
  • Food/Beverage
  • Restaurant

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Agency

ABS Business Sales - Brisbane

Contact

Hugo Martin

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