Internal Ref: B15118
Summary
An exceptional opportunity to acquire a well-established hospitality business in one of Melbourne's sought-after inner northern suburbs.
Revenue
$416,000 pa
Rent
$42,012 pa
Lease
5 years commenced 1st April 2024 - Plus a further 5 years
About the Business
Established Hospitality Opportunity – Continue a Popular Latin American Brand or Create Your Own
**Expressions of Interest **
An exceptional opportunity to acquire a well-established hospitality business in one of Melbourne's sought-after inner northern suburbs.
Currently operating as a successful Latin American restaurant, this business has built a strong reputation, loyal customer base and recognised brand. Offering outstanding flexibility, an incoming purchaser can continue operating under the existing business and brand or take advantage of the quality fit-out and prime location to introduce their own hospitality concept.
One of the standout features of this opportunity is its untapped potential. The business currently trades evenings only, from 4:00pm to 10:00pm, leaving significant opportunity for an incoming owner to introduce breakfast and lunch service. Positioned just moments from a busy train station and benefiting from excellent passing traffic, the location is ideally suited to capture commuters, local residents and surrounding businesses. Combined with continued residential and commercial development in the area, the opportunity for future growth is substantial.
Whether you're an experienced hospitality operator looking to expand, an owner-operator seeking your next venture or an entrepreneur searching for a quality venue with endless possibilities, this opportunity is well worth your inspection.
Key Features:
Established and well-regarded Latin American restaurant with a loyal customer following
Opportunity to continue operating under the existing brand or establish your own hospitality concept
Approximate annual turnover of $416,000
Prime inner northern Melbourne location close to a busy train station
Strong passing traffic and excellent local exposure
Currently trading evenings only, presenting significant opportunity to expand into breakfast and lunch service
Quality commercial kitchen and modern fit-out included
Affordable rent of approximately $3,501 per month
Secure lease commenced 1 April 2024 with 5 years plus a further 5-year option
Located within a high-growth area benefiting from ongoing residential and commercial development
Well suited to owner-operators, hospitality groups or experienced restaurateurs.
For more information or to arrange an inspection, please contact:
Tina Tzanopoulos
Business Broker
Absolute Business Brokers
0401 067 488
[email protected]
Ref:B15118
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