Richmond, Victoria 3121

Licenced Restaurant - Bridge Road, Richmond (BR1360)

For Sale | $89,000 NEG

Bars/Nightclubs Cafe/Coffee Shop Restaurant

ITALIAN RESTAURANT - superbly located on Bridge Road, Richmond, this popular restaurant currently offers a delicious menu of Italian antipasti and pasta. The premises consists of seating for up to 34 customers, a full commercial kitchen, off street parking (one car), liquor licence to 1am, and an upstairs two bedroom private residence. What are you waiting for, enquire today!!

ASKING PRICE: $89,000 (WIWO, all offers considered)

SNAPSHOT
- FY19 Sales (Jul-Dec): $137,580
- FY18 Sales: $287,475
- FY17 Sales: $314,377
- Owner operator making $80k+ per annum
- Open just 5 nights per week (Tues to Sat, 6.30pm to 10.30pm)
- Highly rated on TripAdvisor, Zomato, and Facebook
- Located in a thriving, established area of Melbourne with diverse and affluent population yet still experiencing significant development and growth

LEASE
- Current term commenced in November 2015 for a period of 5 years
- One (1) further term of 5 years
- Current monthly rental $4,194 plus GST with annual increases of 4%
- Premises includes restaurant (capacity for 34 diners), full commercial kitchen, off street parking, two bedroom private residence (upstairs) with bathroom

STRENGTHS/ BENEFITS
- Unique and appealing design
- Large following of loyal customers
- Very competitive lease in one of Melbourne's busiest and most vibrant 'foodie' areas
- Perfect opportunity for an investor or experienced operator or someone looking for their first venture in hospitality
- Suitable for a variety of uses and cuisines (restaurant, cafe, wine bar, etc)

Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on 0411 145 114 for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1360.

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Overview

This Bars/Nightclubs Business is one of 98 businesses for sale in Moorabbin, Victoria, and one of 27 Bars/Nightclubs Businesses in this region that a business for sale currently has on offer. This Bars/Nightclubs Business is for sale in Moorabbin for the asking price of $89,000 NEG and has been on market for less than 3 months.