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Sold $88,000

Unique, Popular & Profitable BBQ/Hotpot Buffet in One of the Best Suburbs of Brisbane

Short Summary

Profitable & popular BBQ/Hotpot restaurant offering buffets & delicious à la carte located in a high foot traffic retail hub of BNE’s bustling suburb.

Key Selling Points

Low Stock requirements
Cashflow Positive
Strong year to year Profits
Simplistic business
No Competition
Best Location
High foot traffic location
High visibility location

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.

Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813

Asking $88,000 WIWO (including 3k SAV)

Ref. no. BUY2438

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

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Property Features

Henry Chow

0421 040 857

Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!

Unique, Popular & Profitable BBQ/Hotpot Buffet in One of the Best Suburbs of Brisbane

Confidentiality Agreement

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Property Features