Restaurant/Bar/Functions: Fully Licensed & Fully Under Management

Today, 3:00am

Location:
Ascot Vale 3032 > Melbourne - Greater > Victoria

Investment level:
$295,000 + SAV

Type:
Business

Industry:
Food & Drink > Pubs, Bars & Clubs

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Summary

Owner-operator required. Brand new business, less than 6 months old & can seat 200 people. An exceptional opportunity for an experienced operator willing to be involved in the day to day running.

Location Details

This business is situated at a major corner overlooking Flemington Racecourse which is housed in large scale residential and hotel complex.

Potential

Brand new business less than 6 months old, extremely well designed and positioned for success. Designer fit out with a large commercial kitchen. The venue can sit over 200 people and is part of a large scale residential and hotel complex. Limitless potential, open 7 days/week it is an ideal venue for breakfast, lunch, dinner, functions and seminars. Over $1million dollar plus fit out - the owners are investors and not hospitality operators and have decided to sell at a massively reduced price for a very quick sale on a walk in walk out basis.

Skills

Suitable for an experienced operator who can see the potential to buy a business at a fire sale price.

Hours

7 days breakfast to dinner

Lease

Brand new 25 year lease

Reason for Sale

The current owners of this business are not experienced F&B operators and have decided its best they sell quickly to mitigate losses.

About the Business

The business is brand new, less than 6 months old with $1 million dollar plus fit out.

Agreements are in place to service hotel guests.

Prominently located facing Flemington Racecourse.

Seating capacity for over 200 people.

Fully licensed with potential for functions and conferences.

History

Brand new and being sold on a walk in walk out basis. Hundreds of thousands of dollars below investment contribution.

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