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Restaurant business for sale in St Kilda

  • Restaurant
  • St Kilda VIC 3182

Contemporary Southside Restaurant With On Premises 1am Licence

Boston Brokers are pleased to offer this well-established and popular contemporary restaurant, located in St Kilda and overlooking Junction Oval and parklands.

The business was established in 2012 and boasts an on-premises 1am liquor licence as well as a footpath trading permit. The business is being offered for sale as our client has other business interests.

The owner has spent in excess of $700,000 transforming the venue into a stylish, welcoming space.

The venue boasts a spacious bar, large dining area, a full commercial kitchen and wash-up area. The premises have been decorated to a meticulously high standard and are extremely well maintained.

The restaurant boasts excellent reviews and ratings on popular food websites, write-ups in culinary magazines and amongst locals.

Note the trading name, menu and associated IP are not included in the sale.

This is a rare opportunity to acquire a beautifully presented restaurant and bar in a prime trading position - perfect for the restaurant entrepreneur or an investment group.

We are advised that the leasehold is as follows:
5+5+5+5 (commencing 03/2011)
Current rent $138,273 per annum plus GST (3.5% increases)
Bond: 3 months rent plus GST
Car park: 1 vehicle plus storage cage

On-Premises Licence
109 Patrons
1AM (7 nights)

6 tables, 20 chairs
Display board

Monday - Thursday & Saturday - 5pm to 11pm
Friday & Sunday - 12pm to 11pm

Contact Agent

Business Highlights

Business ID2014533736
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Last updated  27 Jul 2018
Map for St Kilda VIC 3182
Map for St Kilda VIC 3182St Kilda VIC 3182
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Boston Business Brokers
333 Latrobe St Melbourne VIC 3000