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Iconic Burger Bar/ Diner Business In The South East For Sale

Location:Melbourne, Victoria

Category:Restaurant, Food, Takeaway Food

Asking Price:Undisclosed

600000

  • Sales revenue : $1,600,000 pa
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Iconic Burger Bar/ Diner Business In The South East For Sale

Business description

**Asking Price: Make An Offer**

This restaurant/diner located in Melbourne’s South East is well known for its gourmet burgers, craft beer and iconic decor. Many diners come to admire the decor. 

The spacious restaurant has 3 dining areas: 

- Laneway dining area of 60 sq metres with seating capacity of 44, 

- Upstairs dining area of 48.5 sq metres with seating capacity of 50 

- Main dining area of 110 sq metres with seating for 94.  

The restaurant is also equipped with a large bar. And is fully licensed to 12am.  

Well fitted out with quality fittings, fixtures and equipment, it has a large kitchen with gas burning hot plates/griddles, fryers, canopy and stainless steel preparation benches and commercial dishwasher. There is also a cool room, large storage space and office space. 

This restaurant has a good location, within an industrial area, so has low rent, but has the benefit of being surrounded by residential areas.  This has proven highly beneficial for online delivery services. 

There is plenty of parking for customers. 

Pre-Covid, this business was run under management with 3 full time staff and 2 part time staff and 9 casuals as needed.  Currently there are 7 staff, 3 of whom receive Jobkeeper. 

Normal trade is 5 days: Wednesday and Thursday 5 to 9pm, Friday and Saturday 12pm to 10:30pm, Sunday 12pm to 10 pm.  These times have only been affected by an earlier closing time of 8:30pm and no lunch trade on Fridays during stage 4 restrictions. 

Pre-Covid, turnover was over $1,6 Million per year (trading 49 weeks of the year).  

Rent for this large premises is $1,014 per week including GST. The vendor is the landlord, so a new lease is available and rent is negotiable.  

This diner has a website and social media presence, but has done very little advertising, patrons come by word of mouth. So there is huge potential for new owners if they implement some simple advertising. 

Vendor is looking to retire and is looking for someone to carry on this Iconic dining concept. Perfect investment opportunity as it is run under management and there are staff in place to carry on operations. 

For more information and to arrange an inspection contact Chris Panagiotidis [Phone Number Censored] or Elle Likopoulos on [Phone Number Censored]

Other Information

  • Real Estate: The spacious restaurant has 3 dining areas with plenty of parking for customers. Well fitted out with quality fittings, fixtures and equipment, it has a large kitchen, large bar, cool room, large storage space and office space.
  • Expansion: This diner has a website and social media presence, but has done very little advertising, patrons come by word of mouth. So there is huge potential for new owners if they implement some simple advertising.
  • Years Established: Established 7 years
  • Employees: Currently there are 7 staff, 3 of whom receive Jobkeeper.
  • Trading Hours: Normal trade is 5 days: Wednesday and Thursday 5 to 9pm, Friday and Saturday 12pm to 10:30pm, Sunday 12pm to 10 pm.
  • Support Training: Run under management and there are staff in place to carry on operations.
  • Reason For Selling: Retirement
  • Lease Terms: New lease is available and rent is negotiable.
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