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Food & Hospitality Businesses for Sale in Elsternwick, VIC

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Food/Hospitality
ELSTERNWICK, VIC
THE ONE - Local Institution
THE ONE - Local Institution
Elsternwick, VIC, 3185
Food/hospitality · Restaurant
$355,000
Phone enquiries - please call 1300 594 794 and quote property ID 26726. After over 15 years, this Bayside institution is offered for sale for the first time.It has an outstanding reputation with regular repeat customers coming from near and far, and importantly, it has 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 designer fitout, a 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* Huge opportunity for growth with expanded trading days/hours* Seats 90 inside (including 50 people separate dining area) and 12 outside* Affordable rent at $1295 per week* 5 years remaining on lease with further options* Run semi under management* Easy, high margin menu* Fully licenced with extra liquor licence for taking away and delivery.For those wanting to take on a more hands-on role, you'll enjoy a substantial boost in income from a reduction in wage expenses.The successful purchaser will be given full training, support and assistance for an extended handover period if required.DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
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