Summary
For Sale: lamb on Nicholson Fitzroy North. 30+ year icon. $5,000 weekly sales, $3,370 monthly rent, 8-year lease. WIWO, price negotiable. Call Angie: 0433 251 139.
Revenue
$4,500 pw
Rent
$778 pw
Expenses
$2,690 pw
Net Profit
$1,032 pw
Location Details
724 Nicholson st, Fitzroy north, Vic- 3068
5 pubs around
Bus depot around
Office people around
Tram stops around
Potential
Fully managed to take over an established Fitzroy North takeaway with 30+ years of history. Approx. $5,000 weekly sales, $3,370 monthly rent and 8 years remaining on the lease. Benefit from a loyal customer base, prime Nicholson Street location, existing equipment and established systems. Grow sales through extended trading, online delivery, catering and pizza sales using installed equipment. Ideal for an ambitious buyer looking to build on an established business with room to grow. WIWO, price negotiable. Contact Angie: 0433 251 139.
Skills
No skill needed
Hours
Short flexible hours
Saturday half day
Sunday closed
Monday to Friday 11 am till 9 pm
Lease
8 years with renewal option
Employees
3 casual
Reason for Sale
I already have 3 other businesses to run
Growing families
Personal commitments
About the Business
Lamb on Nicholson – Fitzroy North
An Established Melbourne Takeaway with a 30+ Year Legacy
Lamb on Nicholson presents an exciting opportunity to acquire an established takeaway business in the heart of Fitzroy North. Located on busy Nicholson Street, this business has more than 30 years of history and a recognised place in the local food scene. It offers a strong foundation for a new owner to continue its legacy and explore future growth.
Prime Location
Positioned on Nicholson Street, the business is surrounded by pubs, clubs, schools, colleges, tram stops and a major bus depot. This location provides access to a diverse customer base, including local residents, students, workers, late-night diners and weekend visitors.
Business Highlights
* Weekly sales: Approximately $5,000
* Monthly rent: $3,370
* Lease remaining: Approximately 8 years, with options to renew
* Sale type: Walk-In Walk-Out (WIWO)
* Sale price: Negotiable
The business comes with established branding, existing equipment and operating systems, offering a practical starting point for a new owner to take over and continue trading.
Potential for Growth
A motivated buyer has the opportunity to build on the existing business through improved marketing, online ordering, delivery platforms, local promotions, meal deals and menu expansion.
Pizza equipment is already installed, creating an opportunity to introduce or expand pizza offerings. A hands-on owner-operator could also explore catering, partnerships with nearby businesses, improved operational efficiency and additional revenue streams.
Whether you are an experienced hospitality operator looking to expand your portfolio or an entrepreneur seeking an established takeaway business, Lamb on Nicholson offers an opportunity to build on an existing customer base and a long trading history.
Reason for Sale
After years of managing multiple businesses, the owner has decided to focus on family and other priorities. This creates an opportunity for a new owner to take over the business and develop it according to their own vision.
Enquiries
The business is offered on a WIWO basis, with the price negotiable for the right buyer.
Serious buyers only.
Contact Angie on 0433 251 139 to discuss the opportunity and arrange an inspection.
Weekly sales are approximate. Buyers should conduct their own due diligence regarding financial performance, expenses, lease conditions and business operations.
History
Lamb on Nicholson is an established Fitzroy North takeaway with over 30 years of history on Nicholson Street. Known for its long-standing presence in the local food scene, the business has served generations of customers and built a place within the surrounding community. Positioned near pubs, clubs, schools, colleges, tram stops and a major bus depot, local environment and late-night trading potential.established equipment,operating systems, Lamb on Nicholson offers a new owner the opportunity to continue its legacy exploring fresh ideas
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