This is an exciting opportunity to acquire a restaurant in one of Melbourne's most sought-after inner-north dining precincts. Fully under management and generating lucrative annual takings, this is a turnkey hospitality asset ready-made for an owner-operator or investor looking to step into a proven, profitable business with potential to grow.
Trading successfully for more than 11 years, the venue has built a loyal local following and a strong reputation for its unique dine-in, takeaway, catering and function offerings. The business operates from a modern, character-filled fit-out complete with a fully equipped commercial kitchen, walk-through cool room and separate freezer room, supporting a versatile menu and consistent quality across every service.
Positioned on a high-exposure main road within a vibrant, high-traffic dining and entertainment strip, the venue benefits from excellent public transport links and a strong surrounding mix of cafes, bars, retailers and residential communities. This combination of prime location, established reputation and fully managed operations makes it a standout offering in the current market.
*Taking $1,100,000 PA
*EBITDA of approx. $150,000
*New 3+3+3+3+3 year lease
*Upstairs sublease arrangement, bringing the effective annual rent down to just $25,800 PA
*Fully licensed venue allowing extended trading hours
*51 seats (mix of indoor and outdoor)
*Comprehensive commercial kitchen fit-out, walk-through cool room and separate freezer room-all in excellent condition
*Fully under management; hands-off investment opportunity
Don't let this opportunity slip away! Contact Nick today to arrange a confidential discussion.
Business Broker: Nick Kolaitis
Ref: ME03531
Mobile: +[Phone Number Censored] 161
Email: [Email Censored]
Ref: ME03531
Timestamp: [Phone Number Censored]
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