SUBURBAN LANDMARK RESTAURANT/ BAR/ CAFE Melbourne

BUSINESS Detail

Type Status Location Sub Location Price P.O.A Area Sales $30k pw Bedrooms 6 Days Bathrooms Long Secure Lease

BUSINESS DESCRIPTION

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

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Disclaimer: The financial information in this business listing has been provided by the Seller. Caville Pty Ltd t/as Boston Brokers has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Caville Pty Ltd t/as Boston Brokers recommends that you consult with an accountant, solicitor and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorised to make any representations or warranties on behalf of the seller or Caville Pty Ltd t/as Boston Brokers. You agree to hold Caville Pty Ltd t/as Boston Brokers and its associated brokers harmless for any misrepresentations made by seller.

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