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

Description

An exceptional opportunity to acquire a large, long-established restaurant and bar located in a prime inner-city hospitality precinct only minutes from Melbourne CBD.This substantial venue offers strong revenue, large seating capacity, and significant infrastructure, making it ideal for experienced operators or hospitality groups seeking a high-capacity restaurant and function venue.Business HighlightsAnnual Revenue: Approx. $1.33MNet Profit (PEBITDA): $272,859.50Seating Capacity: 250+ patronsPremises Size: Approx. 660 sqmPrice: $490,000 (recently reduced)Equipment Value: $150,000+Ground Floor VenueSpacious restaurant with large dining area and fully licensed barCommercial kitchen with multiple preparation areasWalk-in coolroom and freezerInfrastructure designed for high-volume serviceUpstairs Function Venue (currently unused for a couple of years and offering significant growth potential)150+ seated or 200+ standing capacityExisting licensed bar and commercial kitchenFood lift connecting both kitchen levelsSeparate street entrance, amenities and balcony areaIdeal for functions, weddings and private eventsUpstairs can be included in the sale at no additional cost (subject to landlord approval)Operations & LeaseFully staffed operation with manager and experienced team in placeCurrent owner has retired and is only overseeing operationsOwner is also the landlord, providing potential lease security and flexibilityAsking Price: $490,000