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.