Price
$19,000 WIWO
Profit *
Refer to Broker
Sales Revenue
$260,000
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Restaurant
Listing #
ME03150
Available for acquisition is this well-regarded bar restaurant in Ripponlea, known for its authentic wood fired pizza and vibrant atmosphere. It has cultivated a spectacular reputation due to its impeccable premises, great staff, and the sociable crowd it attracts.
*$260,000 annual takings
*$93,428 annual net profit
*5+5 year lease commenced September 2024
*$4,756 Monthly Rent
This thriving venue operates as a bar restaurant, with the majority of sales coming from the bar. It also hosts live music every Friday, Saturday and Sunday night, making it a popular spot for locals and visitors alike.
Operating evenings only, there is significant potential to expand by opening during the day or extending trading to seven days a week.
The premises can seat 70 patrons inside and out and is fully equipped with everything needed for smooth operations, including a commercial kitchen with a cool room and a traditional wood fired pizza oven.
The business is run by an owner-operator supported by three part-time staff. In addition to dine in and takeaway, deliveries are available through third-party apps.
To learn more about this exciting opportunity, contact Ken today!
Listing ID: ME03150
Broker: Ken Bouchebli
Phone: 0406 966 455
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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For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*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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