Summary
Opportunities are immense to double nett returns. Importantly, risk is low, there is no ‘bad will’ and there is a good lease, no debts and everything works. We are an international institution!
Revenue
$7,655 pw
Rent
$774 pw
Expenses
$1,745 pw
Net Profit
$5,136 pw
Location Details
This internationally 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 excellent 24 hour exposure. It is seen by thousands of people each day!
Potential
We are selling our boutique internationally awarded restaurant which we have been operating for 22 years at a huge discount because we need to retire. With just 2 owner operators opening just 5 days and 30 hours a week we currently seat 39 [inside and garden] and turn away over 50 people per week. Opportunities are immense to double returns but importantly risk is low and there is no ‘bad will’. This is a successful business just waiting for the right people to take it to the next level. Good lease, no debts and everything works.
Skills
Chef and FOH - 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
circa 8 years
Employees
2 only - Chef & FOH [hands on manager]
Reason for Sale
Retirement imminent
About the Business
STANDARD BUSINESS VALUATION BY COMMBANK
The Commonwealth Bank is Australia’s largest bank and financially respected as conservative and using their preferred methodology for business valuation of ‘capitalised future earnings’ [nett profit per annum / ROI * 100], our business is valued at circa $723,000 based on takings as at 27/3/2025.
But, for a quick sale, we have reduced that valuation based on the last 3 years of normalised [open weeks only – we travel a lot overseas] revenue data as lodged through BAS with the ATO. This is proof positive of revenue – no dodgy numbers. Walk in walk out $500,000. You save $223,000! Note that for an investor your returns are circa 25%. That is sensational.
Adjusted and normalised EBIT of $5,136 pw for two owner operators based on 3 years of BAS.
Adjusted and normalised ROI for an investor $1,660 pw replacing owner operators with staff.
Replacement costs $250,000+ but sell ASSETS at a fair market value of $128,000
At 25% ROI the business is valued at $345,280 based on 3 years of BAS
DISCOUNTED SALE PRICE OF $500,000 including adjustments such as stock, rent deposit, pre-paid insurance etc,
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.
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