Ad ID: 80064 Inactive

Restaurant for Sale Melbourne

Enquire about this "Restaurant for Sale Melbourne" opportunity on aubizbuysell

Popular Restaurant - Bridge Road, Richmond (BR1360)

Location:
Asking:
$98,000 WIWO

Business for Sale Description

Restaurant for Sale Melbourne Asking: $98,000 WIWO

ITALIAN RESTAURANT - superbly located on Bridge Road, Richmond, this popular restaurant currently offers a delicious menu of Italian antipasti and pasta. The premises consists of seating for up to 34 customers, a full commercial kitchen, off street parking (one car), liquor licence to 1am, and an upstairs two bedroom private residence. What are you waiting for, enquire today!!

ASKING PRICE: $98,000 (WIWO, all offers considered)

SNAPSHOT
- FY19 Sales (Jul-Dec): $137,580
- FY18 Sales: $287,475
- FY17 Sales: $314,377
- Owner operator making $80k+ per annum
- Open just 5 nights per week (Tues to Sat, 6.30pm to 10.30pm)
- Highly rated on TripAdvisor, Zomato, and Facebook
- Located in a thriving, established area of Melbourne with diverse and affluent population yet still experiencing significant development and growth

LEASE
- Current term commenced in November 2015 for a period of 5 years
- One (1) further term of 5 years
- Current monthly rental $4,194 plus GST with annual increases of 4%
- Premises includes restaurant (capacity for 34 diners), full commercial kitchen, off street parking, two bedroom private residence (upstairs) with bathroom

STRENGTHS/ BENEFITS
- Unique and appealing design
- Large following of loyal customers
- Very competitive lease in one of Melbourne\'s busiest and most vibrant \'foodie\' areas
- Perfect opportunity for an investor or experienced operator or someone looking for their first venture in hospitality
- Suitable for a variety of uses and cuisines (restaurant, cafe, wine bar, etc)

Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on 0411 145 114 for a confidential discussion about this business or register your interest by clicking on the \'Contact Agent\' link on this advertisement and completing your details. Please quote reference BR1360.

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