SUBURBAN LANDMARK RESTAURANT/ BAR/ CAFE

LISTING DESCRIPTION:

This is a rare opportunity to purchase one of Melbourne’s Inner City most popular restaurant/bar/cafe businesses. Well established with an excellent loyal customer base. There is a lot of upside for increased sales and profits due to extensive new development going on in the immediate area. Great visibility and location adds to its appeal. This restaurant has the potential of grossing over $3 million once the extensive development new development in the areas is completed. The business has a separate bar and several private seating areas throughout with a combination of booth seating and tables and chairs, has high ceilings, a full commercial kitchen and a large amount of storage space.

GENERAL INFORMATION:

Year Established: 3 years | Seating: 80 + | Square Metres: 250 approx. | Parking: Street | License:11pm Days Open/Hours: 6 / Lunch & Dinner | Long term transition | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:

Yearly Revenues: $1,500,000+ | Yearly Cash Flow: $350,000+ |

LEASE INFORMATION:

Monthly Rent: |$3,000

Competition: No venue of its kind in the immediate area. NDA is required for memorandum on file with Broker.

Closed: Dec31 – Jan 21

For more details, please email broker