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Asking Price$159,000
RevenueUndisclosed EstablishedUndisclosed
Cash Flow$130,000 EmployeesUndisclosed
FF&E$80,000* FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This is a very easy to run Licenced Restaurant with flexible hours.
The Systems and Procedures in place have been perfected over the last 26 years by Vendor, His background was manager for some of Brisbane’s Hotels including The Coronation Motor In.
Would be best described as Fully Licensed Italian theme limited A la carte, Pasta and Pizza Dine In or Take Away Restaurant, The goodwill attached to this business after 26 years of trading at this location would be difficult to value but would be far outweighed by the potential growth that is untouched due to the present trading times. This Suburb is rapidly turning into one of the most popular high density, high rise addresses in Brisbane where dinning out or choosing take away are regular practice for the local population.
There are many local businesses that use this restaurant for meeting or entertaining their clients for lunch.
The Vendor has recently celebrated his 70th Birthday and has perfected the art of mixing hard work with lifestyle. He chooses to not trade Sundays except on rare occasions for a closed function and only opens for dinner on a Saturday. For many years he has closed for 3 to 4 weeks over Christmas and has enjoyed overseas travel to reward himself and his partner for their years’ work.
This location is in walking distance of the Gabba Cricket Grounds and is very popular with sports fans of any code when there is an event. Sunday fixtures are missed opportunities as is breakfast for attendees of all day International Cricket matches
Ad #72962
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Adrian Coyne
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