Price
Refer to Broker
Profit *
$315,000
Sales Revenue
$2,195,762
Location
Melbourne Region, Bayside - Melbourne
Category
Food/Hospitality, Restaurant
Listing #
ME03285
This is an exceptional opportunity to acquire an established and popular restaurant in one of Melbourne’s most iconic dining precincts, offering great returns and significant expansion potential.
This well-established restaurant occupies a prized corner site in the suburb’s vibrant dining scene. It features 180 sqm of beautifully designed space with a desirable orientation that ensures abundant natural light throughout the day. The business has operated successfully for more than a decade, building a loyal following of satisfied customers.
*$2.1 million annual revenue
*EBITDA of $225,500
*Weekly rent of approx. $3,400 including outgoings
*Seating 95 inside and 62 outside
*Liquor licence until 3:00 am; maximum capacity of 196 patrons
*5+5+5-year lease, commenced 2023
*Comprehensive fit-out with a fully equipped commercial kitchen
*Experienced team
This is an ideal opportunity for an owner operator, business partners or an established hospitality group looking to acquire a great venue in a prime location.
Contact Walter Beauvais today to secure this gem before it's gone!
Listing ID: ME03285
Broker: Walter Beauvais
Phone: 0460 301 983
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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