Rare Fully Under Management Bar with attached Bottle Shop

For Sale

Brisbane QLD

Rare Fully Under Management Bar with attached Bottle Shop

Description

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.

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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.

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