A man has been charged following the attempted armed robbery of a business at Greenslopes this morning.

It will be alleged around 1.45am a man entered the Logan Road business, grabbed a male worker and presented a knife demanding money.

A second male worker intervened and a struggle ensued before the man ran off empty handed.

No one was physically injured during the incident.

Police located and arrested a man nearby a short time later.

A 23-year-old New South Wales man has been charged with attempted armed robbery and enter premises with intent to commit indictable offence. He is expected to appear at the Brisbane Magistrates Court today.