Price
$280,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Takeaway Food
Listing #
ME03151
This well-established fish and chips restaurant is in a prime Northeast Melbourne location, just 6km from the CBD.
*10-year lease
*$900 weekly rent
*Full commercial kitchen
*Prime spot near transport
*Includes a one-bedroom space
*$676,000 annual takings
The business benefits from steady foot and vehicle traffic, particularly in the evenings, within a busy outlet mall and next to a central train station. The 120sqm premises feature a full commercial kitchen, a walk-in freezer and high-end equipment worth over $350,000. A one-bedroom space at the back adds convenience for an owner-operator.
Operating five days a week from Wednesday to Sunday, 11:30 am to 8:00 pm, the business derives annual takings of $676,000 with a net profit of $260,000. The gross profit margin is 70%, with stock valued at $5,000. Rent is $3,600 monthly, with additional costs such as council rates, water and utilities remaining manageable. The lease runs on a secure 5+5-year term, starting in January 2023, with a three-month bond required.
The business is staffed by one full-time owner, one full-time employee, one part-time worker and three casuals. There are no third-party delivery services such as Uber Eats or Menulog, which provide substantial growth opportunities. Expanding trading hours could also boost revenue.
Listing ID: ME03151
Broker: Andre Pudebat
Phone: 0489 195 651
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.
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