Premium Restaurant for Sale – Bayside

9 days ago

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Summary

Well-established Restaurant and Wine Bar in a sought-after Bayside location. Approx. $20k PW takings, strong local following, liquor license, quality fit-out and indoor/outdoor seating. Outstanding op

Revenue

$20,000 pw

Rent

$1,248 pw

Potential

• Extended trading hours
o Daily hours (Great coffee spot for mornings)
o Extended weeks per year to 52 from 48
• Increased beverage and wine sales
• Private functions and events
• Corporate catering opportunities
• Expanded digital marketing initiatives
• Strategic menu development
• Enhanced local promotional activities

Skills

No Special skills required however hospitality background advised.

Hours

Monday to Monday, Wednesday to Sunday

Lease

$61,902.88 per annum plus GST and outgoings, plus $2,974.44 for courtyard lease

Employees

2 full time owners, One front of house the other in the kitchen, 3 full time staff, 8 casuals as and when needed.

Casual staff are roster only when required.
If the owners are away the restaurant is fully run by the assistant manager and sous chef

Reason for Sale

After many successful years building and operating the business, the owners have decided the time is right to take a well-earned break and spend more time with their young family.

About the Business

An outstanding opportunity to acquire a beautifully presented Italian style restaurant and wine bar in one of Melbourne’s highly sought-after Bayside suburbs.

The business has developed a strong reputation for quality food, an Italian-focused wine list and a relaxed neighbourhood dining experience.

With a loyal local following, destination customers and an established team in place, this is a genuine opportunity for an experienced hospitality operator or investor.

Key Features

• Approx. $20,000 weekly turnover
• Approx. 30% liquor sales
• Seating for around 70 patrons
• Indoor and outdoor dining
• Stylish, quality fit-out
• Well-equipped commercial kitchen
• Established kitchen & front-of-house team
• Strong local customer base and repeat trade
• Excellent Bayside location and exposure
• Attractive courtyard dining area
• Further growth potential

The business is well suited to an experienced restaurateur, chef, hospitality operator or investor looking for a quality venue in a premium Bayside location.

Further Information please contact Phil Booysen now on 0429 006 921 or click here to submit a confidentiality agreement.

Ref 1097

History

Set up in 2020 by the current owners

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