Well established restaurant for sale occupying a well known, historical location in Paddington. The business runs with an experienced team of 6 (3x FOH + 3x Kitchen) and 1x owner operator. Profitable business with monthly sales in excess of $45,000, low rent and operating expenses. Trading hours are limited to only 5 days a week from 5.30pm to 9.30pm and later on Saturdays.
– Base rent of only $39,262 (Comm. 2020) CPI: 2%;
– Yearly revenue of $450,000+ incl. GST
– Operating Tuesday to Saturday from 5.30pm to 9.30pm
– Great corner location with approx. 60 seats between inside and outside
– All equipment is owned unencumbered and included for sale
Priced at $239,000 + SAV. Enquire now to discover more about this opportunity and receive a full information memorandum.
Business Broker: Matteo Melis
Mobile: +61 433 719 112
LINK Business Brokers Brisbane
7/63 Annerley Rd, Woolloongabba QLD 4102
Ph: (07) 3831 2300
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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