Business for sale in Queensland , Wellington Point
German Bavarian Restaurant - Brisbane
Sales revenue: 120k-160k p/a
Net profit: 58,646(fy11/12)
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
This delightful business has been run for 13 successful years by the same owner - a Husband and Wife team. Much dedication and effort has been put into ensuring the intangible value of the business - it's customer satisfaction and positive standing in the community, noted for its 'Authentic and Excellent German Cooking' and that 'German people come from all over South East Queensland just to eat here' (Review, Urbanspoon) - achieving a 4 star rating on www.urbanspoon.com.au - an esteemed restaurant rating website.
This business is in a prime location - the seaside, high tourist flow suburb of Wellington Point. It is situated at the end of a main road (see map - 'A' represents middle of Wellington Point strip - identification of Wellington Point on Google Maps) with high visible exposure to by passers 'After many years of driving past and saying we should try the German restaurant we finally did' (Reviewer, Urbanspoon).
Also, due to health reasons of owner, this business is only operated for 3 hours per day (6pm → 9pm) in a 5 day week (Wednesday → Sunday). This amounts to only 15 trading hours per week, yet is still able to attain such high level of net profit/revenue.
By expanding the trading hours to incorporate for ex. lunchtime and breakfast trading or just by advertising the business in it's optimal location - there is a huge growth potential for rise in revenues. Thus a huge increase in profits can be made with very little extra investment.
Furthermore, the current owner is willing to teach the new owner/staff until they are able to run the business well and independently for free upon purchase - so that the intangible value of the restaurant is withheld.
The equipment/capital provided with the sale is lifetime guaranteed making future outlay/costs associated with maintaining restaurant minimal.
Another benefit is the lack of franchise fees as all of the royalties and patents are held by the owner and included in the sale. No debt associated with business - all stock and furniture owned and included.
Price is further negotiable if contact owner.
Employees: Three employees - One chef (owner 1) - Two waitresses (1 owner + 1 daughter of owner)
Trading Hours:Wednesday → Sunday (6pm → 9pm)
Other InformationSelling Assets: All assets within business included for sale: Examples: vacuum cleaner, freezer, industrial microwave, 6 burner stove oven, coffee machine, food processor, double deep fryer, grill, meat slicer, meat mincer, stereo, tables, chairs, signs, crockery, cutler
Franchise Terms: Nil - all owner owned patents and rights - included in sale price.
Real Estate: Rented land on which business is located.
Competition: Virtually non-existent, the only major German restaurant in Greater Brisbane region. Serves top quality authentic cooking - high demand for cultural cooking.
Expansion: Huge expansion potential with current limited operating hours. Include lunchtime and dinner = huge extra revenue.
Support Traning: Owner willing to train staff and and new owner free upon purchase of restaurant. Huge benefit and advantage as next to no upfront costs needed for training purposes.
Reason Selling: Health reasons of owner, retirement.
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Location : Queensland : Wellington Point , Wellington Point 4160
Category : Restaurant
Only major German Restaurant Greater Brisbane Region family owned and run hu
Business for Sale by Owner