517 Milton Road Brisbane QLD 4000
Price on application

DESCRIPTION

Phone enquiries - please quote property ID 23310.

If you've been waiting for a once-in-a-lifetime hospitality opportunity, this is surely it.

The Restaurant (seats up to 100) and is an icon of the Brisbane food scene. Initially established in 1989 it is incredibly well known, holding memories of happy times for many people.

Everything you could want is already here with a fully equipped high-end massive kitchen and tasteful fit-out.

The kitchen has absolutely everything required: new ovens, fridges, cryovac system, sous vide, and walk-in refrigeration. New Air conditioning is also installed in the kitchen to chill out any hot-headed chef.

Have you ever dreamed of working for yourself and running your own Restaurant? If you have then feast your eyes on a ready-to-go opportunity that should not be passed.

currently only open for corporate meetings and private events currently there is a massive opportunity for the restaurant to open up trade to the general public at all other times.

Location:

Only 5 kilometers from the CBD the location benefits from plentiful free on-street parking around the Business. More importantly, it is based outside the restricted Lang Park zone enforced when events are held at the Suncorp Stadium.

The Restaurant also has incredible street appeal and is exposed to a huge amount of passing traffic of over 44,000 PER DAY! and with easy free parking all around making the location, the perfect choice.

Competition:

Unlike the CBD, the West of Brisbane has very few dine-in eating establishments..

Forecasts and Future trading:

The opportunity to expand to at least 5 days of trading with lunch and dinner service.

Lease in place:

The current lease expires in September 2024 with a market review option and additionally 2 x 3-year extensions.
Additionally, there are 4 great dining areas taking the capacity to around 100.

Further details are available in terms of the financials of the business which may be passed on upon signing of a non-disclosure agreement.
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