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POPULAR RESTAURANT – ALBERT PARK

Victoria Avenue, Albert Park 3206
$150,000 - $200,000

Description

Once in a while a golden opportunity to buy one of the most loved licensed venues in the affluent suburb of Albert Park presents itself to the market – and this is it!

This popular Restaurant is your big chance to enter this exclusive segment of the market on the always busy Victoria Avenue in the heart of Albert Park. The venue is well-known for its delicious authentic menu served with a modern edge but has the space and potential to be converted into the NEXT BIG FOOD TREND! 

The fit out at the venue is spot on with a combination of white wash brick walls and light wood tables, old style school chairs and industrial lighting and splashes of greenery throughout to brighten up the space.

With fantastic trading hours only open 5 nights & 25 hours a week, this is the perfect lifestyle hospitality business for any budding Chef, Front of House guru or a passionate foodie looking to get their foot in the door of a profitable and successful business at an affordable price!

BUSINESS HIGHLIGHTS:

  • Current weekly sales $19,000 (November 2020 – Now)
  • Net profit of $3,100 a week after vendors wages
  • Open 5 nights for dinner, 5pm – 10pm (closed Monday & Tuesday)
  • Seats 76 inside, 16 outside – now extended to 30 due to increased covid outside dining regulations
  • Secure 12 (3+3+3+3) year lease commenced August 2020
  • Weekly Rent $1,100 approx.
  • On premises liquor license until 1am Thursday – Saturday & 12:00am Sunday – Wednesday
  • Lettable area of 100m2
  • Strong social media exposure
  • Prime position location – in the heart of Albert Park
  • Great sized commercial kitchen including cool room, freezer & grease trap

PRICE RANGE: $150,000 – $200,000

Call Nick 0419 589 852 to inspect

 

  • Victoria Avenue, Albert Park 3206, Melbourne, Australia
Nick Gazeas
Nick Gazeas
0419 589 852
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