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Bustling Restaurant/Bar With Rooftop Dining & CBD Views. $820,000 (16073)

$820,000

Preston, Victoria

Bustling Restaurant/Bar With Rooftop Dining & CBD Views. $820,000 (16073)

Perfectly positioned in the very heart of Preston, a high density residential area in Melbourne's north, this business is extremely popular among locals for after work drinks and nights out, especially heading into the summer months. The area is packed full of thriving bars, restaurants, and retail businesses and passing trade is constant.

The large 420sqm premises oozes ambiance through the unique venue built almost entirely out of shipping containers, and includes a gorgeous $400,000 fit out consisting of a full commercial kitchen, a full bar, outdoor seating, and an incredible rooftop with views of the Melbourne CBD.

Key features include:

*Taking $35,000 per week and still growing
*Open 6 days per week, closed Sundays
*Cheap rent at $692 per week
*15 Year lease in place
*60% Bar sales and 40% food
*Fully managed
*High profits
*Low cost of goods
*Easy operation
*1am Liquor License
*seats 55 inside and 150 outside

For more information please contact Ross Morelli from LINK, formerly Klemms on the below:
Phone: 0417 112 911
Email: ross.morelli@linkbusiness.com.au

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Features

Business Snapshot

  • Price: $820,000
  • Net Profit: $7,000
  • Lease Options: 5+5+5 (commenced 2020)

Business Links / Tools

Last updated: 15th December 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Preston
State
 Victoria
Price
$820,000
Category
  • Restaurant

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Agency

LINK, formerly Klemms

LINK, formerly Klemms

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