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Food, Beverage & Hospitality business for sale in Northcote

  • Food, Beverage & Hospitality
  • Bs145336 Northcote VIC 3070
  • $300,000 (GST na)

Licensed Restaurant For Sale - Macedonian Northcote, VIC

Business ID: BS145336

Turnover: $1 million-plus pre COVID

Named 'Top New Restaurants' in 2019 by Broadsheet, Le Lee is a Macedonian restaurant serving traditional cuisine.

One of the busiest and most popular restaurants in Northcote, Le Lee offers excellent growth potential by adding Takeaway, Catering and Functions.

Business highlights:

-Established March 2019
-Pre-COVID turnover $1 million+
-Located in the heart of the eclectic High Street in Northcote
Liquor License
-Main room with bar and seating for 50 Fireplace room with seating for 12
-New fully enclosed courtyard with retractable roof, bar, seating for up to 34 or 60 for cocktail function
-3 rooms upstairs with an option to sub-lease
-65% local customers + 35% Macedonians
-12 years lease Rent $3450 p/m + outgoings around $5K
-Offered as is, with all equipment, stock and crockery, value around $300k
-Sales and marketing in place
-Staff: Owner/Manager + 2 F/T & 6 casuals
-Currently trades Wed-Sun evenings could be extended to 7 days + lunches
-2-4 weeks' training provided
-Owner moving interstate

This business would suit someone with a passion for good food and dining, that can walk in and trade successfully from Day 1.

Already showing an excellent turnover, Le Lee offers several growth opportunities, such as extending trading hours, opening for lunch, offering a Takeaway Service, and catering plus booking more functions.

Price: Offers above $300,000

Map for Bs145336 Northcote VIC 3070
Map for Bs145336 Northcote VIC 3070Bs145336 Northcote VIC 3070
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