CONTEMPORARY SOUTHSIDE RESTAURANT WITH ON PREMISES 1AM LICENCE ST KILDA, VIC 3182
Boston Brokers are pleased to offer this well-established and popular contemporary restaurant, located in St Kilda and overlooking Junction Oval and parklands.
The business was established in 2012 and boasts an on-premises 1am liquor licence as well as a footpath trading permit. The business is being offered for sale as our client has other business interests.
The owner has spent in excess of $700,000 transforming the venue into a stylish, welcoming space.
The venue boasts a spacious bar, large dining area, a full commercial kitchen and wash-up area. The premises have been decorated to a meticulously high standard and are extremely well maintained.
The restaurant boasts excellent reviews and ratings on popular food websites, write-ups in culinary magazines and amongst locals.
Note the trading name, menu and associated IP are not included in the sale.
This is a rare opportunity to acquire a beautifully presented restaurant and bar in a prime trading position – perfect for the restaurant entrepreneur or an investment group.
We are advised that the leasehold is as follows:
5+5+5+5 (commencing 03/2011)
Current rent $138,273 per annum plus GST (3.5% increases)
Bond: 3 months rent plus GST
Car park: 1 vehicle plus storage cage
1AM (7 nights)
6 tables, 20 chairs
Monday – Thursday & Saturday – 5pm to 11pm
Friday & Sunday – 12pm to 11pm