This is truly an amazing opportunity to acquire an absolute institution in the Northcote area! Perfectly positioned on a busy main road in a shopping and dining hot spot, this extremely popular venue is open 6 nights per week as a bar, restaurant, function space, and bottle shop. Nestled among many successful hospitality and retail outlets, the business has public transport at it’s door and experiences enormous rates of passing traffic daily.
The spacious 700sqm premises has been beautifully fitted, showcasing a full bar, restaurant dining area, 2 courtyards, a function space, and seats a total of 240 in and out. The venue holds a 1am liquor license and great street exposure.
Key features include:
*Taking $30,000 per week
*Open 6 nights per week
*Reasonable rent at $2,182 per week
*Secure 20 year lease
*Sells 60% drinks and 40% food
*Prime location on a busy main road
*Large double fronted premises
*Immaculate fit out including a full commercial kitchen
For more information please contact Gerry Morelli from LINK on the below:
Phone: 0417 353 120
*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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