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Business ID BS9530

Iconic Established Bayside PUB and Restaurant For Sale - VIC

Under Management FY 2018 Income $3,445,974 with long term lease Sale Price: $1,350,000+SAV

The business is an iconic well-established pub and restaurant with function space located on Beach Road, directly opposite Mordialloc Beach, with views across Port Phillip Bay. It incorporates a large public bar and dining room, modern beer garden, and a busy function room upstairs. The current owner took over the operation of the business in 2013, and has successfully transformed the venue into a thriving business. It offers quality modern Australian style pub food. The kitchen serves lunch and dinner, with breakfast on Saturdays and Sundays.

The business is systemised with all revenue, expenses and employees on record. It uses website, direct email, Facebook and Instagram to effectively promote and connect with its target audience.

BUSINESS HIGHLIGHTS

  • Adjusted profit under management for FY 2018 of $974,045
  • Trading 7 days in summer and  winter season
  •  Lunch and dinner serving contemporary Australian pub food
  • Strong patronage with both locals and visiting tourists
  • Venue trades up to 1 am on Friday and Saturday nights
  • Weekly takings between $75,000 to $92,000
  • Over 59% of revenue from beverages
  • Very reasonable rent of $7,846 per week
  • Long lease with 20 years with further options of 10
  • Capacity for Venue - 367 patrons
  • Indoor function room capacity of 90 seated and 160 standing
  • Full-time manager with a team of well trained staff
  • Excellent location with access to large public carpark

The business offers the option for an owner/manager who can step in and be “hands-on” if they like in operating the business, or for an owner/investor to operate this as part of a larger group.

Full and comprehensive Business Profile for this business is available upon the signing of a confidentiality agreement. To learn more about this impressive business inquire today.

Asking Price: $1,350,000 + SAV

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Business Sale Price:
$1,350,000 + SAV
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