Iconic Profitable Destination Restaurant & Bar | Prime Inner-City Brisbane

Description

Established Destination Restaurant & Bar | Newstead, BrisbaneA rare opportunity is available to acquire an established destination restaurant and bar in Newstead, one of Brisbane's most sought-after inner-city lifestyle precincts.Established in 2021, the business has developed an excellent reputation for premium Mediterranean cuisine, authentic flavours, imported products and an extensive wine selection. With a 4.8-star Google rating, a loyal customer base and strong appeal among younger professionals, the restaurant has established itself as a recognised dining destination.The business operates with a full liquor licence and offers a vibrant evening atmosphere catering to strong demand for premium social dining experiences. Its location among high-density residential developments, offices and lifestyle amenities provides an ideal position to benefit from continued population growth, with more than 1,000 new apartments currently under construction in the surrounding area.The spacious venue provides a versatile setting for regular restaurant trade, private functions and events. Combined with a secure long-term lease, proven profitability and established operating systems, the business presents an attractive opportunity to acquire a premium hospitality operation in one of Brisbane's key growth corridors.Key Points* High-profit business with weekly turnover of approximately $40,000.* Consistent sales growth since opening in 2021.* Outstanding 4.8-star Google rating.* Prime Newstead location.* Full liquor licence.* Strong Friday and Saturday evening trade.* More than 1,000 apartments under construction nearby, supporting substantial future growth.* Spacious 240m² premises with seating for 130 guests.* Stylish, high-quality fit-out.* Quality plant and equipment maintained in excellent condition.* Lease secured until 31 December 2031, plus one 5-year option.* Monthly rent of $14,247.74 including GST, with 4% annual increases.* Strong repeat customer base.* Established operating and management systems.* Experienced and well-trained team.Growth Opportunities* Expand private functions, celebrations and corporate events.* Further develop beverage-led and wine-focused dining experiences.* Capitalise on continued residential development and population growth in the surrounding area.* Build further on the restaurant's established reputation and loyal customer base.Asking Price: $1,500,000 + SAV (Estimated $10,000-$25,000)