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Food, Beverage & Hospitality business for sale in Mornington

  • Food, Beverage & Hospitality
  • 32 Main Street Mornington VIC 3931
  • $295,000

Thanks Albert Burger Company – Mornington Legend Refurbished and Ready to Go!

If you have been to Mornington lately you will notice it has become an even hotter hotspot than ever with a wealth of hipster choices in food, fashion and retail outlets, all framed by the backdrop of the sparkling blue Port Phillip Bay. Thanks Albert Burger café/restaurant has always been at the centre of the action and is famed for its fresh quality ingredients and quirky combinations.

The current owner has spared no expense in transforming the front restaurant and bar area, constructed a modern two bedroom apartment on the top floor with separate entrance (one room used as an office and the rest ready to lease out) and created a 40 seat Beer Garden at the rear of the premises. The results are already evident with turnover rising to $20,000 per week and the summer season just around the corner, promising a boom time ahead.

The restaurant now seats 40 patrons inside (permit for 55 inside) and 45 patrons outside at the front and rear. With a reasonable rental of $5,525 per month (even less once you lease out the apartment), and no GST and generous lease renewal terms, the double-storey premises on a 314 square metre block with private parking for 2 cars is a bargain not to be missed. All commercial cooking equipment and furniture is less than 3 years old, with additional purchases in the last 5 months, which include a brand new cool room, bar fridge, outdoor picnic tables, air-conditioning, heating and various kitchen equipment.

In addition to its prominent location in Main Street, Mornington the café entrance projects on to the street and welcomes patrons with its glass surrounds and wide folding doors. Now open 7 days a week from 11:30am till mid-evening, this high traffic business will suit a small family buyer, individual or franchise.

Now’s the time to purchase before the holiday season begins so, if you would like to inspect, contact Alan Maguire now for a chance to meet the owner and discuss the business.

Price: $295,000 + SAV

For enquiries and an inspection, with an opportunity to speak to the owners, please contact Alan Maguire, Maguires Real Estate, Mornington (0418 377 038).

Business Highlights

Business ID2014887093
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Last updated  17 Jan 2019
Map for 32 Main Street Mornington VIC 3931
Maguires Real Estate
9 Alfred Street Mornington VIC 3931

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