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Restaurant business for sale in Melbourne

  • Restaurant
  • Melbourne VIC 3000
  • $430,000

UNDER OFFER- Iconic Burger Bar/ Diner Business in the South East for Sale

This restaurant/diner located in Melbournes South East is well known for its gourmet burgers, craft beer and iconic decor. Many diners come to admire the decor.

The spacious restaurant has 3 dining areas:
- Laneway dining area of 60 sq metres with seating capacity of 44,
- Upstairs dining area of 48.5 sq metres with seating capacity of 50
- Main dining area of 110 sq metres with seating for 94.

The restaurant is also equipped with a large bar. And is fully licensed to 12am.

Well fitted out with quality fittings, fixtures and equipment, it has a large kitchen with gas burning hot plates/griddles, fryers, canopy and stainless steel preparation benches and commercial dishwasher. There is also a cool room, large storage space and office space.

This restaurant has a good location, with-in an industrial area, so has low rent, but has the benefit of being surrounded by residential areas. This has proven highly beneficial for online delivery services.

There is plenty of parking for customers.

Pre-Covid, this business was run under management with 3 full time staff and 2 part time staff and 9 casuals as needed. Currently there are 7 staff, 3 of whom receive Jobkeeper.

Normal trade is 5 days: Wednesday and Thursday 5 to 9pm, Friday and Saturday 12pm to 10:30pm, Sunday 12pm to 10 pm. These times have only been affected by an earlier closing time of 8:30pm and no lunch trade on Fridays during stage 4 restrictions.

Pre-Covid, turnover was over $1,6 Million per year (trading 49 weeks of the year).
Rent for this large premises is $1,014 per week including GST. The vendor is the landlord, so a new lease is available and rent is negotiable.

This diner has a website and social media presence, but has done very little advertising, patrons come by word of mouth. So there is huge potential for new owners if they implement some simple advertising.

Vendor is looking to retire and is looking for someone to carry on this Iconic dining concept. Perfect investment opportunity as it is run under management and there are staff in place to carry on operations.

For more information and to arrange an inspection contact Chris Panagiotidis 0433 582 533 or Elle Likopoulos on 03 9566 7300.

Ref: B13632

Elle Likopoulos
Absolute Business Brokers
Elle Likopoulos
Absolute Business Brokers
Chris Panagiotidis
Absolute Business Brokers
Chris Panagiotidis
Absolute Business Brokers

Business Highlights

Business ID2015969914
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ParkingAsk Business Broker
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Category
Last updated  11 Sep 2020
Map for Melbourne VIC 3000
Map for Melbourne VIC 3000Melbourne VIC 3000
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Elle Likopoulos
Absolute Business Brokers
Elle Likopoulos
Absolute Business Brokers
Chris Panagiotidis
Absolute Business Brokers
Chris Panagiotidis
Absolute Business Brokers

Business Highlights

Business ID2015969914
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  11 Sep 2020
Absolute Business Brokers
Unit 7 / 18-22 Lexia Place Mulgrave VIC 3170
Elle Likopoulos
Absolute Business Brokers
Elle Likopoulos
Absolute Business Brokers
Chris Panagiotidis
Absolute Business Brokers
Chris Panagiotidis
Absolute Business Brokers

Ask Elle Likopoulos about this business

Elle Likopoulos

Elle Likopoulos

Absolute Business Brokers

Chris Panagiotidis

Chris Panagiotidis

Absolute Business Brokers

Call Broker
0433 582 532
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