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Contemporary Mediterranean Restaurant

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Price $89,000
Profit *

Refer to Broker

Sales Revenue

$572,000

Location Melbourne Region, Melbourne
Category Food/Hospitality, Retailer
Listing # ME02323
Nick Kolaitis Headshot

Nick Kolaitis

Business Broker

Melbourne

+61 3 9819 4211

+61 411 428 161

[email protected]

Melbourne Retailer Business for Sale
Melbourne Retailer Business for Sale

About this Business for sale in Melbourne

This business is a well-established Greek Mediterranean restaurant with a strong local and online reputation for its high-quality, unique fare. It has been operating since 2017 and has become a favourite among locals as it does not have many competitors in the area. It is easy to operate and highly profitable, well-suited for Purchasers seeking a reputable and thriving business in a highly exposed location!

*Taking $11,000 PW
*$85,000 fit-out
*$250,000 worth of P&E
*Prime Location
*Short hours
*Office space available for use or rent out
*11 pm liquor license
*80 seats (inside and out)

Nick Kolaitis and the team at LINK Melbourne are thrilled to present a well-established Greek Mediterranean restaurant to the market.

It is a contemporary business that specialises in Greek Mediterranean cuisine with a loyal customer base positioned in an enviable, affluent eastern suburb.

It occupies a highly exposed location, surrounded by hospitality and specialty establishments, public transportation stations and other key suburb amenities.

It is exquisitely fitted with a full open commercial kitchen, a leafy rear courtyard function space, ample storage areas, toilets, private function rooms and a stunning, newly renovated fit-out costing over $85,000.

It also has seats for over 80 customers, making it the perfect venue for intimate events and functions.

The business has good systems in place and only operates nearly 5 hours, five days per week. Notwithstanding its successful trading history, it presents tremendous potential for further growth, needing only increased marketing or the extension of its trading days and hours.

This local gem is fully set up and is ready for operations with not a cent to spend! Give us a call today to secure this solid business opportunity!

Listing ID: ME02323
Broker: Nick Kolaitis
Phone: 0411 428 161
Email: [email protected]

Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.

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Nick Kolaitis

Business Broker
Melbourne
+61 3 9819 4211
+61 411 428 161
[email protected]

For reasons of confidentiality a stock photo image may be used to represent the business for sale.

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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