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Restaurants For Sale in West Melbourne Melbourne VIC

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Prime Location Restaurant/hotel Venue West Melbourne

Location:West Melbourne, Melbourne, Victoria

Category:Restaurant, Bar and Gaming, Hotel Motel B and B

Asking Price:$400,000

400000

  • Sales revenue : $1,200,000 pa
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Prime Location Restaurant/hotel Venue West Melbourne
  • Prime Location Restaurant/hotel Venue West Melbourne
  • Prime Location Restaurant/hotel Venue West Melbourne
  • Prime Location Restaurant/hotel Venue West Melbourne
  • Prime Location Restaurant/hotel Venue West Melbourne
  • Prime Location Restaurant/hotel Venue West Melbourne

Business description

Currently operating from midday 5 days per week and evenings only Monday/Tuesday. Turning over up to $1.2M per annum with strong net profit.

This venue is fully staffed with vendors currently overseeing operations. Could be an ideal managed business or run the operation yourself and pocket more profit.

Has 9 rooms up stairs that are currently being rented.

For further information please call Senior Business Broker Petros Margaritis on [Phone Number Censored] or email on [Email Censored]

Other Information

  • Real Estate: Prime location in West Melbourne. Has 9 rooms up stairs that are currently being rented.
  • Years Established: Owned 10 Years
  • Employees: 2 Full Time and 6 Casual Staff.
  • Trading Hours: 5 days per week
  • Support Training: This venue is fully staffed with vendors currently overseeing operations.
  • Reason For Selling: Personal
  • Lease Terms: 8x8-Commenced January 2016. New Lease available subject to Landlord approval.
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