LINK Business Brokers Australia

About this Business for sale in Townsville & District

 

David Hall and Matteo Melis from the team at LINK Business Brokers Brisbane are proud to bring to the market a successful restaurant and function venue established for over 10 years. The business operates 5 days a week, Tuesday to Saturday, for lunch and dinner only from 12pm to 2pm and from 5.30pm to 10.30pm offering modern Australian cuisine, drinks and catering. Hours may change across the year.

Expanding across two levels, the ground floor presents a large dining area while upstairs there's a well designed function room and balcony with amazing views of the river and surrounds. Top ratings with hundreds of positive online reviews, confirming the quality and reputation of this operation, that is now well known in the community and consistently securing new, returning, loyal customers.

Highlights

– Running semi under-management with a long established and well experienced team
– Strong sales with weekly average in excess of $45,000 p/week (FY21 $2,400,000+ t/o)
– Fully licensed with a selection of over 100 wines, cocktails, beers and liqueur
– 7 years lease agreement expiring in March 2027 at a current rate of approx. $120,000 + GST
– Serving Modern Australian Cuisine in an ever changing menu attracting plenty of returning customers
– Premium fit out and state of the art commercial kitchen facilities, all items owned unencumbered

Full support and training will be provided to secure a smooth transition. 

To discover more about this opportunity and receive a full information memorandum, please enquire now and complete an online confidentiality agreement at linkbusiness.com.au/BR01301

Business Brokers: David Hall and Matteo Melis
Ref: BR01301

LINK Business Brokers Brisbane
7/63 Annerley Rd, Woolloongabba QLD 4102
Ph: (07) 3831 2300
 

You may also be interested in...

Organic / Health Food Supermarket & Cafe SE Qld

Gold Coast
$195,000
Food/Hospitality

Organic / Health Food Supermarket & Cafe SE Qld

Gold Coast
$195,000
Food/Hospitality

Licensed High Profit Foodworks Supermarket $269,000 plus SAV (16647)

Melbourne
$269,000
Food/Hospitality

Licensed High Profit Foodworks Supermarket $269,000 plus SAV (16647)

Melbourne
$269,000
Food/Hospitality

*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.

Listing: #BR01301
Profit*: $300,000
Sales Revenue: $2,400,000
Coastal, Townsville & District
Food/Hospitality, Restaurant
*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.

PRINT OR SHARE THIS LISTING

Share on print
Print
Share on email
Email
Share on linkedin
LinkedIn

BUYERS TOOLS

Businesses for sale

All Locations
All Categories
Price Range
$
$

You may also be interested in...

Organic / Health Food Supermarket & Cafe SE Qld

Gold Coast
$195,000
Food/Hospitality

Organic / Health Food Supermarket & Cafe SE Qld

Gold Coast
$195,000
Food/Hospitality

Licensed High Profit Foodworks Supermarket $269,000 plus SAV (16647)

Melbourne
$269,000
Food/Hospitality