Restaurant Bar, Prime Inner-City, $1.33m Sales, 250 Seats

Description

Business type: restaurant and bar

Location: inner-city Melbourne

Distance from Melbourne CBD: minutes away

Annual revenue: approximately $1.33 million

PEBITDA: $272,859.50

Premises size: approximately 660 sqm

Seating capacity: more than 250 patrons

Asking price: $490,000

Equipment value: more than $150,000

Ground floor

Restaurant dining area: large

Licensed bar: in place

Commercial kitchen: in place

Preparation areas: multiple

Walk-in coolroom: in place

Walk-in freezer: in place

High-volume service infrastructure: in place

Upstairs function venue

Current use: unused for approximately 2 years

Seated capacity: more than 150

Standing capacity: more than 200

Licensed bar: in place

Commercial kitchen: in place

Food lift: connects both kitchen levels

Separate street entrance: available

Amenities: available

Balcony area: available

Functions, weddings and private events: suitable

Upstairs inclusion: available at no additional cost, subject to landlord approval

Operations

Manager: in place

Experienced staff: in place

Current owner involvement: oversight only

Current owner status: retired

Lease

Landlord: current owner

Sale

Asking price: $490,000

Price status: recently reduced