Skip to main content

Food, Beverage & Hospitality business for sale in Eltham

  • Food, Beverage & Hospitality
  • 561 Main Road Eltham VIC 3095
  • Leasehold $395,000

The Greek Place - 1P4772

As you head in to Eltham you'll find The Greek Place on a nice piece of real estate opposite the Diamond Valley Miniature Railway. As you drive in to the very large car park you head in past the lush outside area with its many tables and umbrellas. The outside dining is one of the reasons why the Greek Place is packed at the weekends with barely a seat to spare.

Inside there is the main dining area with a mixed set up for couples up to large groups. The very large groups and functions tend to use the rear function room that can look after 65 dinners. The function area also has its own fenced off external area with tables and chairs. There is a well designed bar and serving area that showcases all that is on offer. This in turn is supported by a good sized very well equipped commercial kitchen. The Greek Place also has an office, plenty of toilets and an external cool room.

The venue has a restaurant and cafe licence until 11pm with a capacity of 133. The lease has just started a new option with ten years remaining, 5+5. Rent comes in at $2150 a week including GST. The venue underwent a major refurbishment just over a year ago and so the equipment and fittings are in excellent condition. Everything is included in the sale.

The Greek Place can be kept as is bringing in an income of over $30,000 a week. Or with such a good infrastructure the venue can easily be changed to any product offering. Buyers are only limited by their creativity. The venue suits an experienced hospitality professional that can bring their own skills to the venue and manage the great team who are already there to raise the venue to the next level. The vendors are asking for offers in the region of $395,000 for this exclusively listed venue.

Business Highlights

Business ID2015828210
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Last updated  30 Oct 2019
Map for 561 Main Road Eltham VIC 3095
Map for 561 Main Road Eltham VIC 3095561 Main Road Eltham VIC 3095
CRE Brokers
U4/10 Lakewood Boulevard Carrum Downs VIC 3201