Business For Sale

Restaurant and Bar Business For Sale City Fringe - Fitzroy

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Property ID : B13050

Business For Sale 120,000 - Restaurants
$800,000 pa Turnover$1,245 pw Rent3x3Business Broker – Chris Panagiotidis Print

On offer is a Restaurant and Bar business for sale serving American Southern Style cooking as well as fresh seafood and smoked meats and fried chicken.

This restaurant has a busy main road location, with plenty of passing traffic and very easily accessible with public transport. In it’s 6 years of operation, it has built an excellent reputation and is extremely popular with the locals.

• Restaurant has seating capacity of 90 inside and 20 outside.
• Has a commercial kitchen, a walk in cool room and freezer.
• Fully licensed until 1am.
• The premises has a courtyard with potential to be turned in to a beer garden.
• An added bonus is a food truck which is used for catering events and functions. The truck can be hired for private functions.
• Functions can be catered for in private or shared spaces in the large premises.
• Turnover of $14,000 per week from the restaurant and bar plus $75,000 per annum from the food truck.
• Rent of $1,245 per week for a large premises in busy city fringe location.
• Lease options of 3×3.
• Trades 6 days per week, Tuesday to Sunday 12 to 10pm, with late close on Fridays and Saturdays.
• 3 Full time staff and 5 Casual staff, owner only works part time.

No previous experience is necessary as qualified and experienced staff are in place. This restaurant can easily be run under management. An excellent opportunity for investors to add to their portfolio.

Inspections will impress.

For more information and to arrange an inspection contact Chris Panagiotidis or Elle Likopoulos on 03 9566 7300 or via email at elle@absolutebb.com.au

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    Agent Business Broker – Chris Panagiotidis

    business broker
    • Office : 9566-7300
    • Mobile : 0433-582-533
    • Fax : 9561-4400

    Member of REIV, IBBA, M&A Source Chris Panagiotidis has had an impressive track…
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