This is a rare opportunity to acquire one of Melbourne’s most popular wine bars/restaurants at a bargain price!
Strategically located on a busy main road shopping strip in a booming affluent area, this double fronted wine bar and restaurant holds fantastic street exposure and benefits from enormous rates of passing foot and vehicle traffic from the nearby University, surrounding residential properties, and several public transport options within walking distance. The prominent position is one of the most desired in the area and is sure to impress even the fussiest of buyers.
Currently focusing on Spanish tapas and top quality wine, the beautifully fitted 208sqm premises is absolutely stunning and must be seen. With a full bar at the front of the restaurant, a commercial kitchen, a fire place, large banquette seating, a spacious walk in coolroom, combi oven, a wine cellar, and plenty of storage space, the business is fully equipped and ready for a fresh new owner to come in and push it to it’s full potential.
Key features include:
*Taking $21,000 per week
* Have a direct client base of about 400 customers
*Open 5 days per week for a great work life balance
*Short hours, 5pm-11pm
*Very reasonable rent for the area at $1,365 per week
*11 Year lease remaining
*Immaculate fit out costing in excess of $400k plus
*Prominent high exposure location
*Plenty of customer parking
*Huge potential to increase takings
For more information please contact Nick Kolaitis from LINK on the below:
Phone: 0411 428 161
*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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