RESTAURANT & BAR – FITZROY NORTH

Whether it’s a snack and a glass of wine, a quick lunch or settling in for a night out, this stunning neighbourhood gem has it covered. This restaurant is known for its relaxed modern European dining in a chic and cosy atmosphere. The business is buzzing all year round with consistent sales and strong profit. Currently running under semi management, this business presents as a great buying opportunity for either an owner/operator or investor. Consistently voted in many good food guides as one of the Inner North’s top restaurants. An inspection of this stunning business is guaranteed to impress.

Located in one of Melbourne’s most iconic inner-city suburbs of Fitzroy North, this venue is highly sought after for its proximity to the CBD and excellent street appeal. The venue is close to tram lines and public transport on St Georges Road, meaning the restaurant is always busy and has a large amount of daily foot traffic and great exposure to potential new customers. The building also has real character, when you step inside you will get a sense of luxe and comfort in a venue that oozes with character. The fitout is sophisticated yet relaxed, with sleek lines, mosaic tiled floors, warm lighting, dark wood furnishing and a stunning timber bar setting the mood. The Italian inspired menu is creative and seasonal with a strong emphasis on bringing out the flavours of the fresh produce, making for the ultimate dining experience. A well curated wine list also puts this place on the map for serious wine buffs with a great selection of both local and imported beers, wine, and spirits. The venue also has a good size commercial kitchen, prep area and plenty of storage, as well as a versatile floorplan to cater for private functions and events and is licensed for 130 patrons inside and outside.

This is a rare opportunity to take over such a successful and well-known restaurant. With a secure 10-year lease remaining, this business is ready to take over and operate seamlessly as all the hard work building up the brand and reputation has been done. Most importantly, this venue provides a solid income and is a real lifestyle business for any incoming buyer only trading 4 days a week. If you are a genuine foodie with a passion to open your own venue and want to buy one that’s already well established and a true icon within the local community, then you really need to inspect this one! Call Marc 0412 359 907.

BUSINESS HIGHLIGHTS:

• Sales of $20,000 a week – (36 hours of trade)
• Open 4 nights + 2 lunches a week
• Weekly net profit of $5,000 including vendor wage
• Secure 10 years remaining on current lease
• Annual rent $60,000 pa approx.
• Fully Licensed until 1am for 130 patrons
• Run under semi management
• On point chic fitout and design with European influences
• Popular food destination – High profile retail and nightlife locale
• Fully fitted commercial kitchen prep area and grease trap
• Unique dining experience providing a great point of difference and real competitive advantage
• Well established for well over 10 years with a great reputation and excellent online reviews
• Full handover and training provided to ensure business continuity post settlement

EOI Invited

Call Marc 0412 359 907