St Kilda, Victoria 3182

Iconic Restaurant Turning Over $3.5M P/A, Asking $1,500,000 (15807)

For Sale | $1,500,000

Restaurant Takeaway Food

Rare opportunity to purchase an iconic restaurant in Melbourne's stunning Bayside. Situated amongst the hustle and bustle of one of Melbourne's biggest tourist & hospitality hubs.
This superb location sees HEAVY foot and car traffic, so you can rest assured there will NEVER be a dull moment!
Taking up to $90,000 per week in the summertime and up to a $45,000 in winter, this fantastic restaurant is currently run fully under management, with all systems in place.
Even more profitable if run by an owner operator!

Features of this iconic restaurant include:
*Taking approx. on average $75,000 p/w
*Iconic Bayside location
*VERY heavy foot traffic
*Run fully under management
*HUGE profits
*Seats up to 78 inside & 62 outside
*$3 million turnover per annum
*VERY secure 20-year lease
*VERY affordable rent of $1,540 p/w
*Liquor licence

Location: Bayside Melbourne Victoria
Category: Restaurant Take-away

For more information contact Gerry Morelli from LINK, formerly Klemms on the below:
Phone: 0417 353 120
Email: gerry.morelli@linkbusiness.com.au

Business Snapshot

Price: $1,500,000 Lease Options: Lease: 5+5+5+5 / Lease Commencement: 1/7/2019

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Gerry Morelli



Marketing By


Gerry Morelli

LINK, formerly Klemms

Overview

This Restaurant Business is one of 70 businesses for sale in Moorabbin, Victoria, and one of 10 Restaurant Businesses in this region that a business for sale currently has on offer. This Restaurant Business is for sale in Moorabbin for the asking price of $1,500,000 and has been on market for less than 3 months.