Summary
Fancy owning a successful internationally awarded boutiqe bistro close to Melbourne's CBD currently returning a fantastic 20% on normalised trading to the present owners. Wow!
Revenue
$8,463 pw
Rent
$774 pw
Expenses
$425 pw
Net Profit
$5,645 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
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 [22 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
We run a business which happens to be a restaurant. Just a chef and one front of house makes this work.
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
Next chapter!
About the Business
IMPORTANT:
Transparent books. COMMBANK valuation methodology, BAS returns for years proving ATO filed revenue, zero debts, good lease and excellent landlord and agent as well as low low overheads all scream low low risk.
Are you a person seeking to own a prestigious low risk investment but don’t want to work ‘hands on’? If so, here is an opportunity that is genuinely low risk and one that can deliver better than a 20% return all backed by BAS and normalised P&L. Indeed, we are not offering a high risk and expensive franchise or expect you to suffer speculative risk through having to overcome negative reviews from a failed business or demand a massive risk investment by building something from scratch.
Instead we are offering our high-end globally awarded boutique restaurant, which has been successful for over 22 years and, as we are currently open just 30 hours a week over 5 days with just 2 staff, there are significant growth opportunities. ‘Walk in walk out’ with a long lease at less than 9% of current revenue, low outgoings and a fully commercial operation where everything works. No surprises!
Instead of being a hands off owner, you may choose to be one of the two operators [chef and FOH] in which case be prepared to gleen over $300,000 per annum based on normalised profits for the combined operation. This is fantastic in today's market1
VERY COOL!!
RING STEVE ON 0418557764
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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