Rare Opportunity: Flinders St Bar & Restaurant

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AU$SOLD
February 18, 2015

PRF CODE

PRF$5K
(Note for professionals: PRF is indicative only and actual PRF will be calculated on the final sale price of the business)

Description

Casa Lounge Bar and Restaurant is located at 143-145 Flinders Street East in the Townsville CBD. The business is ideally located mid-way along Townsville’s premier entertainment, night clubs, bars and hotels district. It has been established for 6 years and boasts:

  • Popular bar
  • Italian restaurant
  • Pavement dining
  • Courtyard dining
  • Italian pizza shop

The owners have installed a new outdoor bar to service the dining areas which is proving to be popular. The courtyard dining area gives that romantic Mediterranean feeling as you dine under the stars. With the addition of this new bar, the court yard area is ideal for private functions.

The premises consist of 430m2 allowing inside and covered garden courtyard dining for 150 persons and alfresco footpath dining allows a further 70 diners.

The kitchen is well appointed and caters for the restaurant and the ever popular pizza shop. The pizza shop is well known for its quality pizzas and is proven to be ‘must stop’ for many late night drinkers.

The Lounge Bar provides an excellent meeting facility for after work patrons. It also is proven to be a popular starting off point before a wild nights dancing on the local entertainment strip.

The premises are licensed from 10am to 2am 7 days a week and the business trades:

Monday           Closed
Tuesday           5.00pm to 10.00pm
Wednesday     5.00pm to 10.00pm
Thursday         5.00pm to 10.00pm
Friday              5.00pm to 2.00am
Saturday          5.00pm to 2.00am
Sunday            Closed

The Pizza Shop is open:

Monday           Closed
Tuesday           5.00pm to 3.30am
Wednesday     Closed
Thursday         5.00pm to 3.30am
Friday              5.00pm to 6.00am
Saturday          5.00pm to 6.00am
Sunday            Closed

The business has many areas of competitive edge including the following:

  • Excellent position in the Flinders Street East Entertainment and Night Club Strip;
  • Licensed;
  • Well established;
  • Repeat customer base;
  • Nicely appointed;
  • Pizza shop is very popular;
  • High exposure;
  • High level of walk by traffic;
  • Good cash business.

The owner works less than 10 hours per week in the business.  The business is fully managed and is operated by staff who need very little supervision.  The vendor operates an adjoining business.  It is recognized that the business would respond positively to greater owner involvement.

The business is being sold for $215,000 plus stock at valuation (estimated at $10,000 to $15,000).

To receive a full Sale Proposal, please complete and return the Confidentiality Agreement (click here to download). Alternatively, contact Susan Butler on 0419 905 463.

 

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