Restaurant – French Icon, $92k a week – Like no other!

$1,600,000 + Stock ($600,000)

Description

This is not just a restaurant; it is a destination. For years, it has served as the go-to sanctuary for corporate power lunches, romantic evenings, and serious oenophiles. The business boasts a loyal, high-net-worth database and a reputation for consistency that is second to none in the industry.

• Atmosphere: A stunning “hidden” aesthetic featuring exposed masonry and intimate lighting that transports guests straight to Europe.
• The Cellar: A world-class, temperature-controlled inventory featuring rare vintages and exclusive imports.
• Operational Excellence: Fully equipped commercial kitchen and a highly trained kitchen team as well an industry leading front-of-house team capable of maintaining seamless service.
• Strategic Location: Positioned perfectly to capture the professional demographic of the nearby medical and legal precincts.

Investment Highlights:
• Consistent Revenue: Strong historical performance with impressive margins and a high average spend per head.
• Turn-Key Ready: The sale includes all high-end fixtures, fittings, and a comprehensive handover period to ensure a smooth transition.
• Growth Potential: Significant upside available through expanded trading hours or the introduction of curated tasting events and private cellar memberships.

Key figures:
• Averaging over $90k per week (net sales) with unmatched consistency.
• Rent at 5% to support incredible profitability
• Wages: below industry benchmarks.
• COGS: in line with industry benchmarks.
• Lease: In place to take you up to the Olympics with expiry in June 2032. Extensions may be possible during lease assignment.

“A cornerstone of Brisbane’s dining scene, this venue offers an ambiance that simply cannot be replicated in a modern glass-and-steel development.”

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No

Day to day the business is run by 4 full time chefs on rotation and 2 casual chefs as well as 3 front of house full timers with ,on rotation, 7 casuals.

Lease Info

Over 6 years taking the buyer to June 2032. Landlord has indicated an extension is possible with new terms added.

Trading Times

Monday 6–9 pm Tuesday 12–2:30 pm, 6–9 pm Wednesday 12–2:30 pm, 6–9 pm Thursday 12–2:30 pm, 6–9:30 pm Friday 12–2:30 pm, 6–9:30 pm Saturday 5:30–9 pm Sunday Closed

Size of Premises

544m2 Seating for 90 + 3 Private Dining Rooms. Total when at capacity is around 140.

Opportunity

This is an incredible opportunity to add a highly profitable hospitality icon to your portfolio.

Reference No: DCLC0300

Business Listed by

Julian Mero

Managing Partner of GSE QLD | Senior Hospitality Consultant |Licensed Real Estate Agent & Hospitality Business Broker @ GSE Hospitality Brokers

Growing up in the hospitality industry with my dad owning an Italian restaurant, and my mum owning a ski lodge with a fine dining restaurant, it’s safe to say hospitality is in my DNA!

After I left school I wanted to try something different, so I entered the sporting industry, working at world class companies such as Nike Australia, FILA International and Pacific Dunlop, where I enjoyed and excelled in sales and marketing roles.

I loved my time in the sporting industry, but the itch to be part of the hospitality industry never left me, so when an opportunity came up to invest in and operate a restaurant in Brisbane, I jumped at the chance.

Over almost a decade, I invested in and operated multiple restaurants and a coffee specialty café, I became the National Operations Manager of the group – which eventually established 25 restaurants and 6 coffee specialty cafes trading under The Groove Train and Coffee Hit brands.

In 2015 we sold the business to Minor DKL – the parent company of The Coffee Club. Knowing that the sale was imminent I decided to further educate myself and completed my Masters in Business Administration at The University of Queensland.

In my role at large institutional landlord looking after food and beverage leasing, I have gained extensive knowledge and experience about the site selection process, lease negotiation structures and the details of how the industries best businesses achieve favorable leases.

Having owned, operated, and sold hospitality businesses, together with working for one of the countries premium institutional landlords. my experience is very well rounded. If you need help with the day to day running of your business, growth strategies or with any lease/landlord requirements please do not hesitate to reach out.

Request more Information about this business

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I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach the landlord, property managing agent, any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

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For Sale

Brisbane QLD