Prime Investment Opportunity in the Heart of Brisbane CBD / Iconic Bar & RestaurantListing: #BR00617
About this Business for sale in BrisbanePrime Investment Opportunity in the Heart of Brisbane CBD / Iconic Bar & Restaurant
Iconic Bar & Eatery in the heart of Brisbane CBD presenting a 144m2 inside dining area complemented by an exclusive 77m2 wraparound terrace overlooking some of the city's finest heritage buildings.
- Prime corner location in the heart of Brisbane CBD
- Large venue capacity with up to 180 seats
- Fully automated business with multi-awarded team in place
- Impressive fit-out and top rated kitchen & bar equipment
- Fully managed 6 day operation
- $330,000+ adjusted net for 2018/19
Million-dollar fit out, part of the furniture was crafted from the recycled wood of an old Queenslander, giving this venue a warm pub like feel. Popular for functions, corporate lunches, live music events and much more.
Business runs under full management and records strong and consistent sales - $40,000 - $45,000 p/week. Part of a 15 storey corporate building, the business is constantly exposed to high volume foot traffic and situated in one of the busiest locations in Brisbane City, surrounded by offices, residential buildings and hotels hosting over 1,000,000 visitors every year.
A long tenancy agreement that runs until February 2030 makes this opportunity a perfect long-term investment with solid returns.
Enquire now to receive a detailed Information Memorandum and discover more about this rare opportunity.
Key Investment Features of the Business:
- $300,000+ adjusted net (15% t/o)
- Strong upwards sales trend
- 5 + 5 + 5 year lease commenced in 2015
- Annual rent: $166,000 + GST (Only 8% of tot. t/o)
- $250,000+ tangible plant & equipment value
Contact Matteo Melis today at 0433 719 112 to discover more about this exclusive opportunity!
For further information please complete an online Confidentiality Agreement at www.linkbusiness.com.au/businesses-for-sale/ca/BR00617
*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.