Price
$880,000 + SAV
Profit *
Refer to Broker
Sales Revenue
$2,000,000
Location
Mornington Peninsula & District, Mornington
Category
Food/Hospitality, Restaurant
Listing #
ME03286
This is an excellent opportunity to take over a well-established, licensed Japanese restaurant in a prime Southeast bayside location.
It is positioned on a busy commercial street with substantial foot traffic, surrounded by retail and dining establishments. Due to high demand, it generates around $2 million in annual takings.
Operating with a proven, profitable model, it is fully staffed with four full-time and 10 part-time team members. Its spacious premises have 130 indoor seats and 60 outdoor seats, including licensed footpath dining. The existing lease is secured until 2029, with a further 5-year option.
*$2 million annual takings
*Four full-time and 10 part-time employees
*Seats 130 inside and 60 outside
*Lease until 2029 plus a 5-year option.
*High-exposure site on busy commercial strip with steady foot traffic
Fully licensed, fully staffed and highly profitable. Contact John today to learn more!
Listing ID: ME03286
Broker: John Zhang
Phone: 0419 366 236
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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