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CAFE, TAKING $34,000 PW, NORTHERN SUBURBS, RENT $375 PW, $660,000, REF 6633
Summary
A double-storey restaurant setup with premium shop fit-out has been operating since 2022, located on Bourke Street. Looking for a potential buyer to take over the current business.
Revenue
$2,300,000 pa
Rent
$210,000 pa
Expenses
$36,000 pa
Net Profit
$250,000 pa
Location Details
138 Bourke Street, Melbourne
Located on Bourke Street opposite Southern Cross Lane.
In front of Russel / Bourke Sts tram stop.
Lease
currently holding an active 4-year lease remaining
Reason for Sale
We are selling the business due to retirement.
About the Business
It is a premium fit-out restaurant selling authentic Asian cuisine in a liquor-licensed setting.
The business has been serving locals in the CBD as well as tourists since 2022.
We have high demand for corporate catering from local businesses.
The interior has been properly planned for a 2-storey restaurant with internal hoist services. It has a dedicated front bar to serve beverages, i.e., wine, etc
History
The business has been operating since 2022. The business is successful in operation due to its location and authentic cuisine, which provide cultural experiences for locals.
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