LINK Business Brokers Australia

About this Business for sale in Melbourne

Perfectly positioned in one of Melbourne’s most affluent seaside suburbs, this long-standing restaurant and bar have been the go-to destination for locals and tourists alike for many years, known for their fresh, high-quality meals, classic pub grub, and their extensive beverage list, importing beer and wine from local breweries and worldwide. The business’ long history is hinted at by the beautiful iconic heritage façade, however recent refurbishments have created an interior that feels modern whilst also simultaneously providing the warmth and familiarity of a local pub. The immaculately fitted premises showcases a modern main bar area that provides seating for 160, a raised deck and outdoor bar with a retractable roof which is the perfect location to watch live sport and listen to live music, and serval function spaces for hire, both indoors and outdoors.

The main road location provides excellent street exposure and easy accessibility for patrons with plenty of parking in the area and also ensures that there’s never a shortage of customers.

Key features include:

*Taking $66,000 per week
*Open 6 days per week
*10+10+10 Year lease
*Reputable name within the hospitality industry
*Recently renovated interior
*Prime sought after seaside location
*Local go to destination, also hugely popular among tourists
*Endless potential to increase profits
*Large function place, pre-booked till Feb 2023

For more information please contact John Zhang from LINK on the below:
Phone: 0419 366 236
Email: john.zhang@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: #ME02096
Price: $1,300,000
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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You may also be interested in...

Organic / Health Food Supermarket & Cafe SE Qld

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