Premier Bar and Restaurant in Thriving North West Brisbane
This is a rare chance to acquire a consistently high-performing venue with significant growth potential. Turnover $3,000,000+ gross under full management. This venue is a standout local favourite, combining a sophisticated bar atmosphere with a high-performing craft-focus and attached retail bottle shop. Recognized for its unique character and strong community following, the business is currently enjoying a record year!
Key Highlights:
– Full Management: The business is structured to run efficiently with minimal owner presence, supported by a professional team and running at standard industry labour costs.
– Strategic Hotel License: The valuable general hotel license not only enhances current operations but allows a new owner the right to open three additional detached retail sites within 10km of the premises.
– Incredible Overhead Ratio: Boasts an exceptionally low rent-to-revenue ratio of just 4.72%, providing a massive safety margin and driving high profitability.
– Unique Market Position: With no direct competition in the immediate area, this business offers a “moat” that is difficult for competitors to replicate.
– Large Function spaces: Multiple large function spaces on premises – perfect to boost revenue and have multi use areas while still trading.
– Venue capacity: 200 seats in total, plus an additional 60 standing, approximately 260 people in total for normal trade and functions.
Staff No
Fully under management
18 x staff (9x full time)
Lease Info
The 3.5 years + 1 x 3 year lease commenced 1st March 2019 – CPI increases – A 3 month bond is required.
Trading Times
Currently trading only 5 days
Wednesday 12:00pm-9:30pm
Thursday-Saturday 12:00pm-10:30pm
Sunday 12:00pm-9:00pm
Size of Premises
Approx. 250 square metres with large outdoor area. Attached retail store. Full commercial kitchen. Staff parking.
Opportunity
Open additional detached liquor retail spaces with general hotel licence with in 10km of venue. Focus on function/event space hire.
**Weekly**
Sales $59,168
Rent $2,540
Net Profit $5,570
