Price
$1,350,000
Profit *
Refer to Broker
Sales Revenue
$3,198,903
Location
Mornington Peninsula & District, Mccrae
Category
Food/Hospitality, Restaurant
Listing #
ME03175
An exceptional opportunity to acquire a well-established Mediterranean-inspired restaurant located directly opposite a picturesque beachfront in one of Australia’s top coastal destinations. Known for its vibrant yet relaxed vibe, the venue caters to casual diners, private functions, and large-scale events.
This fully managed and systemised business is run by an experienced team with documented procedures, making it a true turn-key operation. With over 25,000 customer contacts and a solid digital marketing strategy, the business is primed for continued success.
Business Highlights:
*Fully Managed – No hands-on involvement needed. Strong leadership and systems in place ensure a smooth transition.
*Robust Financials – $3,198,903.49 in annual revenue with $625K net profit. Averaging $67K in weekly takings.
*Prime Location – Positioned opposite a popular beach with consistent year-round foot traffic.
*Lease Security – 5+5 year lease commenced March 2023.
*Extensive Fit-Out – Full commercial kitchen, two walk-in cool rooms, two bars, seating for 150 indoors and 200 outdoors.
*Function-Ready – Designed for weddings, events, and private functions with indoor and garden spaces.
*Marketing & CRM – Strong digital marketing supported by a 25,000+ customer database.
*Growth Potential – Expand into breakfast/lunch, takeaway, or increase weddings and private functions.
*Excellent Reputation – Loyal following and consistent 5-star Google reviews.
Perfect for investors or buyers seeking a profitable, hands-off business with an exceptional brand and growth upside.
Price: $1,350,000
For more information or a confidential discussion, please contact:
Listing ID: ME03175
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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*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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