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Business ID BS6736

Established Modern Bar and Restaurant For Sale - VIC Mornington Peninsula

FY 2016 Income $440,000 with long-term lease. Sale Price: $890,000+SAV

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Snugly situated in a renovated heritage building on Victoria’s Mornington Peninsula, this modern restaurant and bar is offered for sale. The owners have transformed the business into a relaxing meeting place with a welcoming ambience where families, friends, clubs and locals pop in for a social drink, a meal or even a night’s entertainment listening to the resident DJ rocks the night away on Friday and Saturday until 1am.

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 income under management for FY 2016 of $440,000
  • Trading 6 days in summer and 5 days in winter season
  • Lunch and dinner serving contemporary Australian food, tapas and pizza
  • Strong patronage with both locals and visiting tourist
  • Venue trades up to 1 am on Friday and Saturday nights
  • Weekly takings between $40,000 to $50,000 per week
  • Over 65% of revenue from beverages
  • Very reasonable rent of $2,500 per week
  • Long lease with 2 x 5-year option
  • Indoor and outdoor seating areas with licenced capacity to 219 patrons
  • Full-time manager with a team of well trained staff
  • Excellent location with access to large public carpark

This business is suitable for an investor, partnership or a working “hands on” person/s who can combine a blend of energy and creativity with this exciting opportunity. The owners have been in the business for over 8 years, and decide it is time to move on to other new challenges.

A 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: $890,000 plus Stock at Valuation.

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