For Sale $280,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

VIC

For Sale $280,000

Business Details

Restaurant - Bar - Melbourne South East

\nRestaurant - Bar - Melbourne South East - Agent SBX Code Number: GVP1003

Bar and restaurant serving Mediterranean food with options like vegetarian, gluten free, kids menu. - Also serves tapas and tasting platters at the bar with cocktails and wine. - Folding windows open up the whole front of the restaurant. - 24 seats outside- 60 seats inside.

Potential
Only trading 11 months takings are increasing monthly. - This location lends itself to many variations on cuisine. -Could extend hours of operation. - Dofunctions / events. - Add breakfast and lunch during the week.

Features
Bay views. - Great location. - Very modern fit out. - Good rent.

Premises
High quality fit out with nothing to spend and room to expand with an area of 100 sq. mts.

Location
Situated on main road opposite the beach in a blue chip suburb with water views in South East Melbourne

Trading Hours
6 days - Tues. - Fri. - 3 p.m. till late. - Sat. - Sun.- 11 a.m. to late

Lease
5 + 3 + 3 year lease commenced 2014

Employees
2 owners + 1 full time chef + 3 casual wait staff

Comments
Owners want to focus on property development.

Figures
Weekly Sales $12500
Rent (ex GST) $1100
Wages $1300
Profit $6022

Agent SBX Code Number: GVP1003 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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