LINK Business Brokers Australia

About this Business for sale in Melbourne

Rare opportunity to purchase an iconic restaurant in Melbourne’s stunning Bayside. Situated amongst the hustle and bustle of one of Melbourne’s biggest tourist & hospitality hubs.
This superb location sees HEAVY foot and car traffic, so you can rest assured there will NEVER be a dull moment!
Taking up to $90,000 per week in the summertime and up to a $45,000 in winter, this fantastic restaurant is currently run fully under management, with all systems in place.
Even more profitable if run by an owner operator!

Features of this iconic restaurant include:
*Taking approx. on average $75,000 p/w
*Iconic Bayside location
*VERY heavy foot traffic
*Run fully under management
*HUGE profits
*Seats up to 78 inside & 62 outside
*$3 million turnover per annum
*VERY secure 20-year lease
*VERY affordable rent of $1,540 p/w
*Liquor licence

Location: Bayside Melbourne Victoria
Category: Restaurant Take-away

For more information contact Gerry Morelli from LINK, formerly Klemms on the below:
Phone: 0417 353 120
Email: gerry.morelli@linkbusiness.com.au

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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.

Listing: #ME01295
Price: $1,550,000
Profit*: Refer to broker
Sales Revenue: Refer to broker
Melbourne Region, Melbourne
Food/Hospitality, Retailer
*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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