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Restaurant business for sale in South Yarra

  • Restaurant
  • South Yarra VIC 3141
  • Price On Application

Under Management Bar and Restaurant Business For Sale City Fringe

This Bar Business for sale is well located in South Yarra, a very popular district of Melbourne for people to catch up for drinks or to spend a night out. It is well serviced by public transport with train station and tram stops close by.

This bar and restaurant business for sale serves a great bar food menu and has fast become a sought-after night spot.

Very large premises with seating for 60 inside, a cellar area that seats 15 as well as a courtyard for up to 20 people plus outside seating for up to 30 people. There is also a large function room upstairs that can accommodate 80 people.

· Strong and solid turnover of $12,000 per week made up of 80% alcohol sales and 20% food sales.
· Fully licenced until 3am.
· Big Commercial kitchen.
· Near new set up.
· Lease options of 5x5x5.
· Rent of $15,000 per month for huge premises. The kitchen is rented out to a catering business, which reduces the rent.
· Trading 7 days per week: Mondays and Tuesdays 4pm to 10pm, Wednesday, Thursday and Sunday 12pm to 10pm and Fridays and Saturdays 12pm to 3am.
· Run Under Management with 7 staff members.

Excellent investment as the business is run under management and all the hard set up work has been done.

New owners can reap the profits from day one.

Well worth an inspection.

For more information and to arrange an inspection please contact Chris Panagiotidis or Elle Likopoulos on 9566 7300

Business Highlights

Business ID2014674032
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Last updated  2 Oct 2018
Map for South Yarra VIC 3141
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Unit 7 / 18-22 Lexia Place Mulgrave VIC 3170

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