Rarely do opportunities like this arise: one of Brisbane’s most highly regarded and award-winning restaurants is for sale after nearly three decades. The restaurant benefits from a modern, six-year-old fit-out of the dining area, function area, and kitchen (combined replacement value of $1.5M), which consistently generates $2.1M in annual revenue, with upside potential for growth.
The strong and unique brand presence in the Brisbane market has resulted in a significant database of repeat customers and corporate diners, who constantly fill the buzzing 75-seat main dining area as well as the private 36-seat function area. The restaurant and function operations are fully managed by a team of experienced staff, with a lease extending to 2028 and 4 x 5 year options.
If you are looking to invest in a proven restaurant in the thriving Brisbane dining scene, this opportunity is not to be missed. Priced competitively at $499,000 + SAV (a huge discount on the fit-out value).
Contact Peter McPhee at peter@absbrisbane.com or 0406 573 941 for more information. Quote reference no. #5752FO and start your journey towards owning a successful hospitality business today.
