Please ensure Javascript is enabled for purposes of website accessibilityIconic Seafood Restaurant | Highly Profitable | Transworld Business Advisors

Iconic Seafood Restaurant | Highly Profitable

Description

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

Was $220,000
Now $198,000

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 wants 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

Covid Safe Business
o Contactless tracing
o Sophisticated online presence with delivery services in place incase of future lockdowns

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.

Was $198,000
Now $120,000

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Listing Details

  • Listing Number: 96931-905234
  • Location: Brisbane City, Queensland
  • Price: 120,000.00
  • Down Payment: 0.00
  • Sellers Discretionary Earnings: 0.00
  • Category: Restaurants

  • Inventory: 0.00
  • FF&E: 0.00
  • Employees:
  • Years Owned:
  • Reason for Selling: Owners want to travel

Business Listed By: