* Included in Asking Price
With 20+ Years of Trading, This is Staff Managed Italian Restaurant (Not a Franchise), Renowned for its Unique & Popular Food Options, Generating a High Rate of Returning Patrons Within this Wealthy Area of Brisbane – Open for Only 29 Hours Per Week and Generates A High Net Profit of $80,239 (4 months of 15/16) & $157,427 p.a. (14/15), with Staff Managing the Day-to-Day Operation!
• With more than a 2 decade trading history (only 2 owners), this business is unique within the marketplace, as it includes gluten free and other healthier (unique ingredients) which other businesses of its kind do not offer – even nationally! Clients seek this business out and then return, often, due to the its menu offering.
• This is a relatively simple business, providing high gross profit margins, being already staff management, and does not require the owner having a food/hospitality background or experience.
• This owner/investor shares his 10 hours per/wk between a home office and being on site, liaising with staff and manager (mainly to pick up the money to be banked, including cash).
• This business has a stable and consistent financial history, through to date – even growing exponentially due to the improvements made by the current owner. By generating a consistent cash flow, this business is ready to be licensed (in process currently). Also, this strong sales performance is without active marketing/promotion. If focused on, could generate even more money for this well located and high repeat purchase, popular & ever so fruitful investment.
• Sales have continued to be consistent over the last 4+ financial years (minimum).
• This business has one of the best locations of any business of its kind, within the local area, and there are very few direct competitors within this wealthy area of Brisbane. Most restaurant owners/investors would just dream of having this centrally located, prime positioned, destination business, being open only a relatively short time, per week! And still making this high profit. This business being conveniently located on a main street. The wealth of clients within this area provides even more financial reward for growing this unique and popular food business.
• This is solid and simple in nature, which includes designated client parking, (being rare for this highly sought after and patronised area).
• With a website also generating client orders – daily & passively, much more could be done to take this already successful restaurant to its next level of sales / profit generation, its heading there on its own anyway!
• The average dollar sale for this type of business is higher than industry average, due to the highly supportive and local socio economic area, which surrounds it. Just request the accountant’s financials that prove the consistent sales and this high net income return.
All for just $249K + SAV ($10K) - providing a high return on investment, as this owner has been diagnosed with a serious illness, which requires him to transfer this business, quickly.
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Seller Reference #1021587
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