Beautifully Fitted out Restaurant/Café in Prime Surrey Hills

Price

$75,000

Profit *

Refer to Broker

Sales Revenue

$572,000

Location

Boroondara, Surrey Hills

Category

Food/Hospitality, Retailer

Listing #

ME02323

Surrey Hills Retailer Business for Sale
Surrey Hills Retailer Business for Sale

About this Business for sale in Boroondara, Surrey Hills

The venue offers excellent flexibility for an incoming owner, with the ability to change the existing cuisine to any alternative food concept, subject to the usual council and landlord approvals.

Currently operating as a well-established Greek Mediterranean restaurant, the business enjoys a strong local and online reputation for its high-quality, distinctive fare. Operating since 2017, it has become a favourite among locals, with limited direct competition in the surrounding area.

The business is easy to operate and highly profitable, making it ideally suited to purchasers seeking a reputable and thriving hospitality opportunity 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)

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.

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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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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