Licensed Restaurant for Sale
BUSINESS HIGHLIGHTS:
• Sales of $700,000 pa
• Open 4 nights only 20 hours a week
• Annual profit of $100,000 pa
• Lease expires in 2026 with further terms available for experienced operator
• Annual rent $46,000 pa approx.
• Fully Licensed until 11pm for 44 patrons
• On point chic fitout and design with European influences
• Popular food destination – High profile shopping strip in affluent area
• Fully equipped commercial kitchen prep area, grease trap & cool room
• Stunning modern fit out providing a great point of difference and real competitive advantage
• Well established with a great reputation and excellent online reviews
Price: $129,999 - $179,999 WIWO
Whether it's a snack and a glass of wine, a quick lunch or settling in for a night out, this stunning neighbourhood favourite has it covered. Cicchetti, meaning savoury snack or small share plate, usually paired with your favourite glass of wine or prosecco. This restaurant is known for its relaxed modern European dining in a chic and modern atmosphere. The business is buzzing all year round with consistent sales and strong profit making it an ideal owner/operator buying opportunity for an experienced hospitality operator looking to start their own business without the expensive cost of fitting one out from scratch. An inspection of this stunning business is guaranteed to impress.
Located in one of Melbourne's most iconic inner-city suburbs of Strathmore, bordering on Essendon, this venue is highly sought after for its proximity to the CBD and excellent position within a busy retail and food shopping strip on Napier Street, 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 style in a venue that oozes with character. The fitout is sophisticated yet relaxed, with sleek lines, crisp white tablecloths, textured walls, warm lighting, dark wood furnishing, terrazzo tiled floors and a stunning bar at the front of the venue 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 44 patrons until 11pm.
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 xxxxx.
