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Restaurants For Sale in Fitzroy Melbourne VIC

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Thriving Hospitality Business For Sale Fitzroy

Location:Fitzroy, Melbourne, Victoria

Category:Restaurant, Food, Takeaway Food

Asking Price:Over $350,000

35000

  • Sales revenue : $25,000 pw
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy
  • Thriving Hospitality Business For Sale Fitzroy

Business description

This thriving restaurant business has been able to maintain a profit during Covid and has recently launched a 15km delivery option to further broaden their customer base.

It is an Indian Restaurant Business for Sale located on the busy main road in Fitzroy – an excellent location in a busy and well known, trendy dining hub known for nightlife, with trams running right outside the front door.

Established 5 years, this restaurant has a large dining room, with seating capacity for 48 inside and a further 4 outside. It has a bar and a well equipped commercial kitchen with a tandoor. Also has a studio upstairs, which is currently used for storage, but may be used as a residence.

Has a very well designed website which offers online ordering for pick up or delivery, a visual menu and online booking system. Also has a catering menu and organises special events during the year.

Trades Monday to Wednesday for dinner (5:30 to 10pm) and Friday to Sunday for lunch and dinner. Fully licensed till 1am on Friday and Saturday, until 11pm on Sundays to Thursdays.

Owners work in the business with 3 full time and 8 part time staff.

Currently turning over average of $13,000 per week (was turning over $25,000 before restrictions).

Rent of $1,733 per week which includes the upstairs studio space. Lease of 5x5 commenced April 2018.

Could be run under management as there are experienced and qualified staff in place, which includes chefs.

Current vendors are also working with local council to occupy street front parking spots for further outdoor dining and will have a Covid safe outdoor dining plan ready next month that is sure to provide further appeal to their customer demographics.

Vendors have adapted with the changing times thus putting this restaurant in strong position moving forward. This restaurant business is well worth an inspection.

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: Restaurant has a large dining room, with seating capacity for 48 inside and a further 4 outside. It has a bar and a well equipped commercial kitchen with a tandoor. Also has a studio upstairs, which is currently used for storage, but may be used as a residence.
  • Years Established: Established 5 years
  • Employees: Owners work in the business with 3 full time and 8 part time staff.
  • Trading Hours: Trades Monday to Wednesday for dinner (5:30 to 10pm) and Friday to Sunday for lunch and dinner.
  • Support Training: Could be run under management as there are experienced and qualified staff in place.
  • Reason For Selling: Personal
  • Lease Terms: 5x5 commenced April 2018
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