Price
$69,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Bayside - Melbourne, Balaclava
Category
Food/Hospitality, Retailer
Listing #
ME02198
If you have been looking for beautiful premises in an upscale suburb, secured by a long and affordable lease, where you can create your own Hospitality concept this is the opportunity for you!
* $150K worth of Plant & Equipment
* 3+3+3+3+3 year lease (12 years remaining)
* $1,066.15 Rent PW
* 50 Inside / 8 Outside Seats
* 110sqm premises
Nick and Kristy Kolaitis, together with the team at LINK, are excited to bring to the market a terrific acquisition opportunity.
Situated in an upmarket area of Melbourne, with high levels of disposable income, this venue was previously operating as a Japanese Restaurant but is now being sold for considerably less than the value of its Plant & Equipment!
Encompassing an area of approximately 110sqm, the premises feature a commercial kitchen, bar and a walk-in cool-room and it allows for 50 inside seats as well as 8 outside seats.
No expense was spared when setting up the place with an estimated $300K spent to make it look…. Stunning!
Its spectacular position is secured by a long lease with 12 years remaining and a competitive rent of just over $1K per week.
So…. Are you looking for a bargain business buy? Look no further!
Listing ID: 16731
Broker: Nick Kolaitis and Kristy Kolaitis
Phone: + 61 2 9899 1999 / 0411 428 161 (Nick) / 0421 136 415 (Kristy)
Email: [email protected] / [email protected]
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/16731
Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.
Stock photo images may be used to represent the business on an unidentified basis. Purchasers are required to make their own enquiries in order to verify the information provided.
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.
To find out more, complete an online confidentiality agreement by clicking the button below.
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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.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
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