Business For Sale

Under Management Bar & Restaurant Business For Sale - South Yarra

  • B13217 - 1
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Property ID : B13217

Business For Sale Price on Application - Bar
$12,000 pw Turnover$15,000 pcm Rent5x5x5Business Broker – Chris Panagiotidis Print

This Bar Business for sale is well located in South Yarra, a very popular district of Melbourne for people to catch up for drinks or to spend a night out. It is well serviced by public transport with train station and tram stops close by.

This bar and restaurant business for sale serves a great bar food menu and has fast become a sought-after night spot.

Very large premises with seating for 60 inside, a cellar area that seats 15 as well as a courtyard for up to 20 people plus outside seating for up to 30 people. There is also a large function room upstairs that can accommodate 80 people.

· Strong and solid turnover of $12,000 per week made up of 80% alcohol sales and 20% food sales.
· Fully licenced until 3am.
· Big Commercial kitchen.
· Near new set up.
· Lease options of 5x5x5.
· Rent of $15,000 per month for huge premises. The kitchen is rented out to a catering business, which reduces the rent.
· Trading 7 days per week: Mondays and Tuesdays 4pm to 10pm, Wednesday, Thursday and Sunday 12pm to 10pm and Fridays and Saturdays 12pm to 3am.
· Run Under Management with 7 staff members.

Excellent investment as the business is run under management and all the hard set up work has been done.

New owners can reap the profits from day one.

Well worth an inspection.

For more information and to arrange an inspection please contact Chris Panagiotidis or Elle Likopoulos on 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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