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Iconic Seafood Restaurant Covid Safe | Profits $239k+ For Sale

Brisbane, Queensland, Australia
Asking Price:
$120000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Established, family-owned, and trusted seafood restaurant that is situated in an excellent location.

History
Established for over 30-years

Revenue
$729,748 pa

Rent
$74,704 pa

Expenses
$586,307 pa

Net Profit
$239,946 pa

Location Details
Located 10-minutes from Brisbane CBD

Lease
The landlord is open to negotiating a new lease agreement with the incoming owner.

Reason for Sale
The owners want to focus on other ventures

About the Business
This Seafood restaurant has developed a strong reputation and is located amongst a bustling shopping scene with antiques, clothing stores & homewares. The restaurant offers delicious seafood eats.

Business Highlights
o Open 7 days a week
o Owners work 15-20 hours a week offering a work-life balance
o Large base of loyal customers
o Strong financial record with revenues of $729k+ & net profits of $239k+
o Reliable employees with the positive work culture
o Reputable restaurant with high-star ratings

The landlord is open to negotiating a new lease agreement with the incoming owner. Commencing rent of $60,000 + GST & Outgoings.
** This is a 20% reduction in the rent currently being paid

This is opportunity won't last long.

Enquire Today
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Property Code: 55

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