Elsternwick - Local Institution

Elsternwick - Local Institution

Preview Listing

Location Details :

Country

Australia

State

--

City

Elsternwick


Industry :
Professional
Sub Industry :
Property/Real Estate

Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

-x

About the business

After over 15 successful years, this Bayside institution is offered for sale for the first time.

This business has an outstanding reputation with regular repeat customers coming from near and far. Importantly, this business has also remained profitable even during Covid lockdowns.

Recently renovated, this local favourite is located in a prime position, close to cinemas, transport and surrounded by new apartment developments.

The restaurant includes two commercial kitchens with quality brand name appliances, a high quality fitout, strong social media presence, online reservations, online ordering, and an excellent POS infrastructure.

Key features of the business include:
* Taking $20,000 per week over 5 short nights
* Seats 90 inside (including 50 person separate dining area) and 12 outside
* Affordable rent at $1295 per week
* 5 years remaining on lease with further options
* Huge opportunity for growth with expanded trading days/hours
* Run semi under management
* Easy, high margin menu
* Fully licenced with extra liquor licence for take away and delivery

For those wanting to take on a more hands-on role, you'll enjoy a substantial boost in profits from your reduction in wage expenses.

The successful purchaser will be given full training, support and assistance for an extended handover period if required.

Inquire now to take advantage of this extremely rare offering.

The Phone Code for this property is: 83178. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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For Sale By Owner (www.forsalebyowner.com.au) provides you with the marketing tools to sell your property without the use of a real estate agent, potentially saving you thousands of dollars in agent commissions.
 
 

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