Summary
Make your dream of owning a boutique ‘do-able’ restaurant come true. A high exposure bistro supporting a cool lifestyle with low risk and reliable income.
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
HOW ABOUT A FUTURE GROWTH POTENTIAL? Currently open just 30 hours a week over 5 nights and 2 lunches with Sunday and Monday closed. Currently turning away some 50 people a week. The current owners [23 years no less] prefer to operate short hours with no table turnovers, travel overseas for around 6 weeks a year whilst enjoying golf, archery and pickle ball. More services, double sittings and external catering all offer huge opportunities to double nett income immediately.
Skills
Chef and FOH.
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
0 other than 2 owners
Reason for Sale
My wife and I have been doing just this for 23 years with no other staff but as I am approaching 80 it’s time to move on. Our restaurant is unique, boutique, internationally awarded and allows us to travel OS for several weeks each and every year. Wahoo!
About the Business
Your investment is based on the Commonwealth Banks’ preferred methodology of ‘capitalised future earnings’ which is in turn is based solely on nett profit after being fully staffed with the owner hands off. ‘Normalised comparative nett profit’. BAS proves revenue, landlord’s disclosure proves overheads, utilities are listed and COS is calculated. Everything works, good lease and landlord with no nasty surprises and no debts.
Indeed this rock solid business could be flagship for future franchises as well as supporting a great lifestyle and the creation of personal wealth and, it’s all about food!
The opportunities are immense as we open a minimum 27 hours over 5 days a week for about 45 weeks a year seating just 16 inside and licensed for another 23 outside on the terrace garden.
History
A SECURE LOW RISK INVESTMENT AND LIFESTYLE PROVEN OVER 23 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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