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Restaurant business for sale in Albert Park

  • Restaurant
  • Victoria Avenue Albert Park VIC 3206
  • $150,000 - $200,000 (GST na)

Popular Restaurant Albert Park

Once in a while a golden opportunity to buy one of the most loved licensed venues in the affluent suburb of Albert Park presents itself to the market and this is it!

This popular Restaurant is your big chance to enter this exclusive segment of the market on the always busy Victoria Avenue in the heart of Albert Park. The venue is well-known for its delicious authentic menu served with a modern edge but has the space and potential to be converted into the NEXT BIG FOOD TREND!

The fit out at the venue is spot on with a combination of white wash brick walls and light wood tables, old style school chairs and industrial lighting and splashes of greenery throughout to brighten up the space.

With fantastic trading hours only open 5 nights & 25 hours a week, this is the perfect lifestyle hospitality business for any budding Chef, Front of House guru or a passionate foodie looking to get their foot in the door of a profitable and successful business at an affordable price!

BUSINESS HIGHLIGHTS:
Current weekly sales $19,000 (November 2020 Now)
Net profit of $3,100 a week after vendors wages
Open 5 nights for dinner, 5pm 10pm (closed Monday & Tuesday)
Seats 76 inside, 16 outside - now extended to 30 due to increased covid outside dining regulations
Secure 12 (3+3+3+3) year lease commenced August 2020
Weekly Rent $1,100 approx.
On premises liquor license until 1am Thursday - Saturday & 12:00am Sunday Wednesday
Lettable area of 100sqm
Strong social media exposure
Prime position location in the heart of Albert Park
Great sized commercial kitchen including cool room, freezer & grease trap

PRICE RANGE: $150,000 - $200,000

Call Nick 0419 589 852 to inspect

Nick Gazeas
Just Business Brokers Melbourne
Nick Gazeas
Just Business Brokers Melbourne

Business Highlights

Business ID2017005887
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Category
Last updated  14 May 2021
Map for Victoria Avenue Albert Park VIC 3206
Map for Victoria Avenue Albert Park VIC 3206Victoria Avenue Albert Park VIC 3206
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Nick Gazeas
Just Business Brokers Melbourne
Nick Gazeas
Just Business Brokers Melbourne

Business Highlights

Business ID2017005887
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  14 May 2021
Just Business Brokers Melbourne
281 Lygon Street Brunswick East VIC 3057
Nick Gazeas
Just Business Brokers Melbourne
Nick Gazeas
Just Business Brokers Melbourne

Ask Nick Gazeas about this business

Nick Gazeas

Nick Gazeas

Just Business Brokers Melbourne

Call Broker
0419 589 852
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