Summary
Huge growth opportunity to double investment returns, low risk, low overheads, lifestyle, open just 30 hours a week over 5 days, excellent lease, no debts, high exposure. international reputation.
Location Details
This very well known restaurant is around 500m outside Melbourne CBD on a main road / tram route and opposite one of Melbourne's most beautiful parks with zero competition and excellent 24 hour exposure. It is seen by thousands of people each day!
Potential
Huge growth opportunities to double nett income through, for example, double sittings and utilisation of the outdoor garden as we currently turn away 50 to 100 people per week.
This is a no brainer!
Skills
Chef and FOH with just 2 owner operators.
Hours
Tues- Sat dinner, Fri-Sat luncheon, 30 hours a week. 46 weeks a year allowing for O/S travel, golf, archery, etc.
Lease
8+ years
Employees
2 only - Chef & FOH [hands on manager]
Reason for Sale
Business is consistent and strong but retirement looms after 22 years. I am 77 and the cook!
About the Business
Located close to the CBD and with high street exposure, our internationally awarded boutique restaurant was established 2003 and currently returns my wife and I, as owner operators, circa $6k profit a week. Indeed we open just 30 hours over 5 days for 46 weeks a year.
There is an enormous opportunity for a younger person [I am 77 and the cook] or couple to operate and expand this low risk business possibly doubling normalised returns very quickly.
Alternatively, there are fantastic profits to be made for an investor replacing us with staff. Think 25+% low risk ROI. That investor could be an existing group seeking an image flagship boutique venue or a person wanting to delve into the restaurant industry or even a parent supporting their hopefuls.
Our business valuation is based on that recommended by Australia’s Commbank using the internationally recognised ‘Capitalised Future Earnings’ methodology [nett profit per annum / ROI * 100]. Replacing my wife and I with maximum staff to calculate the ‘goodwill’ valuation leaves an investor’s conservative profit of over $2,500 pw and a 25% return including discounting for being open just 46 weeks per annum.
Ring Steve on 0418 557 764
History
A SECURE LOW RISK INVESTMENT AND LIFESTYLE PROVEN OVER 22 YEARS
Currently, just the two of us have operated our successful high visibility internationally awarded boutique ‘European’ bistro for over 22 years enjoying a fantastic work / life balance opening just 30 hours a week for around 46 weeks a year.
This is an investors dream returning around 25% fully managed where Superannuation may return 8% if you are lucky or get less than 5% return from a bank.
Connect with us