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Brisbane City, Queensland 4000

SOLD

Alcohol/LiquorFood/BeverageRestaurant

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

Business Features

Business Snapshot

Price: SOLDAdjusted Net Profit: $241,921 Trial: no Rent: $3,822 Lease Options: 2 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