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      Restaurant business for sale in Melbourne

      • Restaurant
      • Melbourne VIC 3000
      • $68500

      GNGDS1002 - Business For Sale - Restaurant Great opportunity

      Bar - Restaurant - Takeaway - Cafe - Melbourne West
      SBX Business Code: GNGDS1002
      Restaurant - Tapas bar serving European / Asian cuisine with great on-tap beers - Menu includes tapas, paella and other Spanish & European favourites - Full stand up bar and inside seating area - venue is popular as a function centre for intimate dinners and cocktail standing parties up to 180 - well equipped audio-visual equipment capabilities - weekly events like Fri. & Sat. music nights + discounted tap beers Sunday to Thursday. - 25 seats outside - 80 eats inside.

      Potential
      Outstanding location for private functions is currently under-utilised - new signage and social media promotion - Potential for change of cuisine to a steak house, Japanese teppanyaki, Mediterranean or Turkish.

      Features
      Highly visible and lots of foot traffic - Licence till 1am - Well established - Popular and well known.

      Premises
      Modern open-space tapas bar with high ceilings and folding windows across the entire street frontage.

      Location
      South-Western outer Melbourne location on busy shopping strip near main entrance to shopping centre.

      Trading Hours
      6 days - Tues. - 5 p.m. -11 p.m. - Wed. to Sun.- 11 a.m. - 3 p.m. + 5 p.m. - 11 p.m. - Mon. closed.

      Lease
      4 + 5 year lease expires October 2023 - 3% C.P.I. increases - Bond is 3 months rent bank guarantee.

      Employees
      1 owner operator + 2 chefs + up to 6 casuals (demand dependent).

      Comments
      The venue was taking approx. $16k per week only a year ago. - Although this has dropped to $9k per week it still has the potential to build to about $20k per week with fresh management plan. - Generating around 30% sales on alcohol and 70% on balance. - Electricity and Gas is included in the rent. - 1 week training will be provided by vendor in handover if required.
      Figures
      Weekly Sales $9000
      Rent (ex GST) $2077
      Wages $2000
      Profit $2156

      SBX Business Code: GNGDS1002

      SBX Business Brokers - Sydney Business Exchange

      Business Highlights

      Business ID

      2014565702

      Last updated

      12 Aug 2018

      Category

      Restaurant, Food, Beverage & Hospitality

      Map for Melbourne VIC 3000

      Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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