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Iconic Restaurant Turning Over $3.5M P/A, Asking $1,500,000 (15807)

$1,500,000

St Kilda, Victoria

Iconic Restaurant Turning Over $3.5M P/A, Asking $1,500,000 (15807)

Rare opportunity to purchase an iconic restaurant in Melbourne's stunning Bayside. Situated amongst the hustle and bustle of one of Melbourne's biggest tourist & hospitality hubs.
This superb location sees HEAVY foot and car traffic, so you can rest assured there will NEVER be a dull moment!
Taking up to $90,000 per week in the summertime and up to a $45,000 in winter, this fantastic restaurant is currently run fully under management, with all systems in place.
Even more profitable if run by an owner operator!

Features of this iconic restaurant include:
*Taking approx. on average $75,000 p/w
*Iconic Bayside location
*VERY heavy foot traffic
*Run fully under management
*HUGE profits
*Seats up to 78 inside & 62 outside
*$3 million turnover per annum
*VERY secure 20-year lease
*VERY affordable rent of $1,540 p/w
*Liquor licence

Location: Bayside Melbourne Victoria
Category: Restaurant Take-away

For more information contact Gerry Morelli from LINK, formerly Klemms on the below:
Phone: 0417 353 120
Email: gerry.morelli@linkbusiness.com.au

Features

Business Snapshot

  • Price: $1,500,000
  • Net Profit: $11,500
  • Lease Options: Lease: 5+5+5+5 / Lease Commencement: 1/7/2019

Business Links / Tools

Last updated: 16th December 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 St Kilda
State
 Victoria
Price
$1,500,000
Category
  • Restaurant
  • Takeaway Food

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Agency

LINK, formerly Klemms

LINK, formerly Klemms

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