PRIME LYGON STREET HOSPITALITY OPPORTUNITY HIGH TURNOVER, FULLY RENOVATED
PRIME LYGON STREET HOSPITALITY OPPORTUNITY HIGH TURNOVER, FULLY RENOVATED
Industry :
Food/HospitalitySub Industry :
CateringAn outstanding opportunity to secure a high-performing restaurant in one of Melbourne's most iconic dining precincts. Positioned on bustling Lygon Street, this business enjoys exceptional foot traffic, strong local following, and consistent weekly turnover.
Key Highlights:
Takings exceeding $20,000 per week
Fully renovated premises with modern, high-quality fit-out
Prime exposure in a tightly held, high-demand hospitality strip
Well-equipped commercial kitchen suitable for a wide range of cuisines
Strong, established customer base with repeat trade
Excellent layout for dine-in, takeaway, and delivery services
Opportunity & Potential:
Currently operating as a Persian restaurant, this business offers flexibility for a new owner to continue the existing concept or easily rebrand and adapt to any cuisine.
Notably, the premises does not currently hold a liquor licence, presenting a clear and immediate upside for a purchaser looking to increase revenue and profitability through liquor sales.
Why You'll Love It:
Premium Lygon Street location with constant foot traffic
Turnkey operation walk in and start trading immediately
Significant growth potential through menu expansion, extended hours, and liquor licensing
Ideal for experienced operators or ambitious newcomers looking for a flagship site
Price:
$500,000 Negotiable
Opportunities of this calibre in Lygon Street are rare. Enquire now to secure a proven hospitality business with strong returns and outstanding future potential.
TRIDENT Business and Corporate Sales and/or their agents have been given exclusive authority to market and sell this business for the Vendor. Therefore, they give notice that all information given in relation to this property, whether contained in this document or given orally, is given without responsibility and has not been audited by us. People intending to purchase should satisfy themselves as to the accuracy of all information before proceeding. TRIDENT does not accept, and specifically excludes any and all liability relating to the business.
(Our reference T 1556) Some images used for illustration purposes only TRIDENT Business reserves the right to limit the release of information to parties who do not disclose their full contact and identity details to the listing agent upon inquiring about this business.
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Queensland
Australia
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Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful.
To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
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$350,000
Enquire about this business
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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