Price
$89,000
Profit *
Refer to Broker
Sales Revenue
$572,000
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Retailer
Listing #
ME02323
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]
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*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.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
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