Melbourne Bayside
For Sale $50,000
Steve Lentin

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Accord Business Brokers
Unit 3, 22 Fallon Street,
Caulfield, VIC 3162

Melbourne Bayside

Food/Hospitality for sale

Melbourne Bayside, VIC

For Sale $50,000


Business Details


Business Description Summary:
This Greek restaurant was started in October 2013 in premises in Port Melbourne previously housing a delicatessen/cafe. It specialises in Greek cuisine, but has a menu to suit all palates and is constantly updated and changed according to customer preferences.
The business has a full liquor licence.
As a recently established venture, the business ran at a loss but has now reached the stage when some months produce a small profit. The sales indicate growth, but the owner has the opportunity to embark on a career move which has been her lifelong dream and is therefore putting the business on the market.

The business is being offered for sale at $50,000 on the basis of the buyer taking over the finance on the equipment.

Current sales are $4,000 to $5,000 per week.

The business is located close to the Port Melbourne beachfront and a short distance from the CBD. It is in the hub of the Port Melbourne and South Melbourne commercial/tourist areas and close to a Coles supermarket which has a large parking area. The premises consists of the main restaurant, two toilets and a well equipped kitchen and seats twelve people outside and 65 inside, although the permit is for 80 people.

The rent is $5,000 per month and the outgoings are approximately $500 per month. The lease expires on 1 August 2018 and there is one 5 year option for renewal.

Plant/Equipment / Fittings:
Equipment and fitout to the value of $66,320 was installed and paid for while further equipment is on lease at a cost of approximately $2,000 per month.

Management / Staff:
The business is run by the owner with the assistance of casual labour as kitchen hands, baristas and waiters.
To receive ADDITIONAL INFORMATION on this business, please contact Steve Lentin:

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Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Cafe/Coffee Shop
  • Turnover: 50000
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Accord Business Brokers
Unit 3, 22 Fallon Street,
Caulfield, VIC 3162

Phone: 03 9569 2883
Fax: 03 8677 0868

Steve Lentin
Phone: 03 9569 2883
Mobile: 0419 910 099

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