For Sale $2,600,000
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 $2,600,000

Business Details

Function Centre - Weddings - Restaurant - Melbourne City Fringe

\nFunction Centre - Weddings - Restaurant - Melbourne City Fringe - Agent SBX Code Number: GVM1015

Function Centre and restaurant specialising in weddings, corporate functions, cocktail parties. - The centre has a number of rooms and can cater for functions from 10 up to 250. - As well as functions the restaurant offer s breakfast, lunch and dinner. - Licenced.

Potential
Excellent opportunity to grow the business further.

Features
Very well established. - Great reputation. - Beautiful heritage building,

Premises
National Trust listed art deco building.

Location
Situated in very well known Melbourne street close to C.B.D.

Trading Hours
7 days - Breakfast, lunch and dinner. plus arranged functions.

Lease
5 year lease commenced 1st July, 2014 - Expires 30th June 2019 - + 6 year option to 2025.

Employees
6 full timers + 2 owners + 12 part-timers.

Comments
This is a very special function centre. - Inspection and information about the centre will only be discussed after all confidentiality is in place and the owners have approved the applicant .

Figures
Weekly Sales $28025
Rent (ex GST) $3629
Wages $7042
Profit $9721

Agent SBX Code Number: GVM1015 - 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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Enquire

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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