Food/Hospitality for sale
Power Dining Destination Restaurant Business For Sale
With its consistently innovative menu and stylish decor, this comfort dining restaurant enjoys an outstanding reputation among local movers and shakers. Aided by the strong Inner City Area economy and expansive international tourist environment, this restaurant is experiencing its best year since inception.
The business has generated several consecutive years of revenues exceeding $3m and cash flows consistently at or exceeding $ 300k. Given the very strong business climate surrounding its clientele, the restaurant would be an attractive to an existing restaurant operator or individual investor. The owner cites multiple growth possibilities and believes their concept would be well-received in numerous other cosmopolitan markets, both locally and nationally. The owner is willing to help facilitate the transition by consulting on new menus.
Location: This Inner City hotspot is centrally located within close proximity to a sophisticated and diverse community. The location is leased at below-market rent, and has more than 15 years remaining based upon renewal option periods. All restaurant equipment is in excellent working condition. Key managers are in place, and staff is well-tenured.
Would be an ideal flagship location for a major national player or local restaurant group looking to put a stamp on Melbourne. Detailed marketing package with financial information available to qualified parties subject to NDA and buyer's credentials.
- Long secure lease
- Liquor license
- Full commercial kitchen
- Restaurant/ bar/function venue
- Seats 200+ patrons
- Iconic Melbourne location
- Business Category: Food/Hospitality
- Business Sub Category: Alcohol/Liquor