Link Business

Iconic Melbourne Bar/Restaurant. Very Rare Opportunity - $2,290,000 (15876)

Listing: #ME01367

Simon Mostafa

Broker | Melbourne (formerly KLEMMS)

Simon Mostafa

simon.mostafa@linkbusiness.com.au

+61 3 9819 4211

+61 409 777 888


About this Business for sale in Melbourne

Iconic Melbourne Bar/Restaurant. Very Rare Opportunity - $2,290,000 (15876)

This is an extremely rare opportunity to acquire one of Melbourne's iconic laneway venues consisting of a restaurant, 2 rooftop bars, a cocktail lounge and function rooms for hire.

Strategically located in one of the city's most booming hospitality hot spots, the pub icon has stood the test of time over the last 50+ years and is still one of the most popular destinations with locals and tourists alike.

Showcasing modern Italian-inspired cuisine that utilises both locally sourced & sustainable ingredients the business challenges Melbourne's unique dining culture and meets its high standards while staying true to its traditional roots.

Key features of this gorgeous business include:

*HUGE takings of $85,000 per week
*4 level premises including 2 rooftop bars, one retractable (perfect for the classic Melbourne weather)
*Licenced util 1am for over 350 patrons
*High foot traffic, sought after location
*Run fully under management
*Blue chip icon venue
*Staple Italian food
*Open 7 days
*Long lease in place

With a multi million dollar fit out, and the finest of equipment, fixtures and fittings used throughout, the bar/restaurant truly provides an authentic Melbourne experience and is guaranteed to impress!

Trust us, you do not want to miss out on this one!

For more information please contact Simon Mostafa from LINK, formerly Klemms on the below:
Phone: 0409 777 888
Email: simon.mostafa@linkbusiness.com.au

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Melbourne (formerly KLEMMS)
simon.mostafa@linkbusiness.com.au
+61 3 9819 4211
+61 409 777 888

Simon Mostafa

Enquire Now

*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.