Industry:
Food and Hospitality
Business Address:
726 Brunswick Street, New Farm, Brisbane, QLD, 4005, Australia
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AD
ID:
B121100005
Asking
Price:
P.O.A
Rent:
Detail
business type:
Restaurant
Business
Ph:
07 3358 2655
After
hours ph:
Contact Details
Name:
Mr. Michael Knopf
Advertising
Nature:
Private Seller
Company
Name:
Zafron on Brunswick Restaurant
Phone:
07 3358 2655
Mobile:
0431 025 958
Fax:
Email:
zafron@optusnet.com.au
Website:
Suburb/State:
New Farm / QLD
Postal Code:
4005
Country:
Australia
Comments:
Features
NEW FARM RESTAURANT FOR SALE
Zafron on Brunswick presents a distinctive ambience, diverse menu and friendly atmosphere and sits directly on New Farm抯 popular restaurant strip, Brunswick Street, directly across the street from a future twin cinema! Bus stops and a taxi rank are nearby. Zafron currently offers Persian and Eurostyle Fusion cuisine but is suited to a variety of cuisines including Asian fusion.
The restaurant features and outdoor covered and enclose-able deck and a gorgeous antique copper Turkish charcoal barbecue inside as a centerpiece for the premises.
The restaurant has enjoyed 5.5 years of solid trade with substantial good will from returning clientele and referrals. No advertising outlays are required for this venue. It has attracted excellent reviews in several local papers and has featured on the Brisbane Channel 7 programe "The Great South East". Recently it was mentioned in the ABC's Feast magazine. It also has a two page spread in the Brisbane edition of Hide and Seek magazine. Our food and service is highly rated on many restaurant review websites including Trip Advisor, from whom we won an award for excellence for 2012.
There is a full liquor license in place that the owners have not taken advantage of due to personal reasons. Our food safety rating is 4 Star. The premises is fitted out completely and ready to go with a cool room, laundry, storage and parking beneath the restaurant.
Zafron is currently operating Wednesday through Sunday for dinner only from 5:30 p.m. and closing by 10:30 p.m. The owners are selling due to age and the desire to pursue other professional interests in teaching.
Zafron has several realistic growth potentials:
1. The sale of liquor with meals. An attractive wine list, the offering of 4-5 beer brands and a conservative apertif and spirits menu will immediately and positively effect a dramatic increase in turnover and profit.
2. Weekend day trading is acutely viable as breakfasts in New Farm are quite popular. Lunch will work with commitment. Current owners do not have the energy to undertake this at present.
3. Late night trading: The current license allows trading to midnight which will allow further alcohol sales as well as tapas and desserts.
4. 7 night trading: This will become viable with time and energy commitment. Current owners are satisfied with 5 night trading.
5. Catering: With some renovation in the kitchen, catering for local and city businesses is a real possibility of profit as this is a high mark up area.
6. Twin cinema to open across the street. There are completed plans for the refurbishment of the Twin Cinemas in New Farm which are located directly across Brunswick Street from Zafron. The company is seeking finance for this.
Turnover is 410,000+ with rent & outgoings at $94,000 with great landlords. Annual profit averages $100,000 with two person owner operators working 5 days. For sale by formal offers, negotiable on whether the purchase is WIWO or with training and menus etc.
