Location:
Brisbane City 4000 > Brisbane - Greater > Queensland
Investment level:
$88,000
Type:
Business
Industry:
Food & Drink > Coffee, Cafes & Restaurants
Profitable & popular BBQ/Hotpot restaurant offering buffets & delicious à la carte located in a high foot traffic retail hub of BNE’s bustling suburb.
$120,000 pa
This BBQ/Hotpot buffet restaurant, established from scratch in 2021 and only trades in the evening, nested in a prime shopping hub of a Brisbane's bustling suburb enjoying tremendous amount of foot traffic and visibility. This unique restaurant has become the foodie's "must go" destination for the Brisbane residents and visitors. Its popular buffet serving BBQ or Hot Pot offering a wide range of marinated pork, ribs, beef steak, hot pot meat, veggie, pork ribs & chicken with beer, cocktails, wines and various bar snacks. The business has full liquor license. full kitchen, cool room, toilet and storage and live music performance facilitating an enjoyable dining experience for all its old and new customers.
The shop has top class fit out, plenty of seats with personal BBQ grill installed on each table. It has a reasonable rent of $2,300 per week (inclusive of O/G & GST) supported by an easy going landlord with lease expiry in 2028.
During high season, the business generates $13,000 income weekly and around $7,000/week in slow months. Averaged weekly income is ball park at $10,000. The business is managed by the owner supported by a team of reliable, capable and experienced staff generating annual net profit of $120,000+ (ballpark). The owner has grown his young family and with incremental & demanding family commitment, hence the offload in a reluctance fashion.
This business is perfect for the Visa188A applicants or for any motivated operator who wants to continue the business's success and to capitalise its potential to grow. The seller is committed to offer post settlement tuition and to ensure the smoothness of the handover.
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