fbpx

Licensed Restaurant/Bar in Elsternwick, $1mil Annual Turnover, Low Rent

VIEW LISTINGS

Licensed Restaurant/Bar in Elsternwick, $1mil Annual Turnover, Low Rent

Independent Business Elsternwick 3185, VIC $350,000
VIEW MORE PHOTOS

A well established restaurant with professional fit out and decoration, located in a high foot traffic spot in suburb of Elsternwick (bayside)

– Established and curated by a highly experienced head chef

– This prestigious and modern restaurant was fully renovated in 2018 – owner spent about $300k in new fit-out & design!

– Including a full Commercial Kitchen with all required equipment, and Approx. 120 seats (inc. dining area, out-front and rear separate private room)

– Currently trading 6 nights a week and very short hours, as a fine-dining Italian Restaurant

– Running 100% under management with the passive owner managing the accounts and monitoring overall performance

– 16 years of Lease in place with very low rent for this size and location!

– Annual Turnover in 2019: over $1,000,000 (average of $20k p/w)

A great opportunity for
– An owner operator, who can have physical presence at the business and have hands on daily operation
– To be converted (with no extra cost) to a casual-dining restaurant, eg. Italian, Pizza & Drink Bar, Greek, Asian, Indian, or other types of cuisines
– Can be converted to a local Cafe-Restaurant
– Extending the hours to lunch or late dinner

– Asking Price: $350,000 (owner will consider reasonable offers)

CONTACT “SAM” FOR MORE INFORMATION ON THIS UNIQUE OPPORTUNITY.

0432 579 502
Sam.Vasli@FinnBusinessSales.com.au