Preston, Victoria 3072

Bustling Restaurant/Bar With Rooftop Dining & CBD Views. $750,000 (16073)

For Sale | $750,000


Perfectly positioned in the very heart of Preston, a high density residential area in Melbourne's north, this business is extremely popular among locals for after work drinks and nights out, especially heading into the summer months. The area is packed full of thriving bars, restaurants, and retail businesses and passing trade is constant.

The large 420sqm premises oozes ambiance through the unique venue and includes a gorgeous $400,000 fit out consisting of a full commercial kitchen, a full bar, outdoor seating, and an incredible rooftop with views of the Melbourne CBD.

Key features include:

*Taking $35,000 per week and still growing
*Open 6 days per week, closed Sundays
*Cheap rent at $692 per week
*15 Year lease in place
*60% Bar sales and 40% food
*Fully managed
*High profits
*Low cost of goods
*Easy operation
*1am Liquor License
*seats 55 inside and 150 outside

For more information please contact Ross Morelli from LINK, formerly Klemms on the below:
Phone: 0417 112 911

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Business Snapshot

Price: $750,000 Lease Options: 5+5+5 (commenced 2020)



Ross Morelli

Marketing By

Ross Morelli

LINK, formerly Klemms


This Restaurant Business is one of 82 businesses for sale in Preston, Victoria, and one of 11 Restaurant Businesses in this region that a business for sale currently has on offer. This Restaurant Business is for sale in Preston for the asking price of $750,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..