Price
$249,000 + SAV
Profit *
$126,385
Sales Revenue
Refer to Broker
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Restaurant
Listing #
ME03314
This is an exciting opportunity to own a popular inner city burger bar that has been established for over five years taking on average $22,000 per week.
Located on a busy shopping strip with high foot traffic and exposure, it has forged a loyal customer base. It’s extended trading hours capture the lucrative late-night market, with extended hours on weekends.
The business also derives 40% of its turnover from third-party delivery platforms, reducing its reliance on dine-in trade.
The business also derives 40% of its turnover from third-party delivery platforms, reducing its reliance on dine-in trade.
*Current weekly takings average $22,000 pw
*Monthly rent $10,138 ex GST with a 7×7 year lease until 2034
*Net profit $126,385 per annum (SDE); 15.8% margin
*49 seats
*High-exposure street frontage
*Fully equipped commercial kitchen – all equipment owned and in good condition
*Extended trading hours: open until 5:00 am Friday-Saturday
*Strong delivery platform sales generating 40% of total turnover
*Excellent online reviews across multiple platforms
Contact Nick or Con today to secure this hospitality gem before it's gone.
Listing ID: ME03314
Nick Kolaitis
Phone: 0411 428 161
Email: [email protected]
Con Tsonis
Phone: 0411 744 466
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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