Summary
Global recognition, successful, growth opportunities, same two owners / operators for over 20 years, low low overheads, good lease, no debts, fantastic lifestyle and $4,678 per week nett [BAS data]
Net Profit
$4,678 pw
Location Details
This very 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 zero competition and excellent 24 hour exposure. It is seen by thousands of people each day!
Potential
Significant growth opportunities to double nett income and/or fully manage for 20+% ROI.
Compare .. This restaurant as an investor for a nett return of $1,856 or 21+% with low risk. Else to return the same requires a property investment of $2,600,000 or cash of $5,200,000 or Super of $1,486,000.
This is a no brainer!
Skills
Chef and FOH
Hours
Tuesday to Saturday dinner and Friday / Saturday luncheon for 30 hours a week /46 weeks a year allowing for O/S travel.
Lease
8+ years
Employees
2 only - Chef & FOH [hands on manager]
Reason for Sale
Retirement after 20 years
About the Business
Boutique restaurant licensed for 30 I/O enjoying global recognition with the same owners for over 20 years. Choose between hands off management for around 20% ROI or operate with just two people for a normalised return of over $4,678 per week and all from day 1. Walk in-walk out then cash in on instant growth opportunities to increase nett income in the knowledge that risks are low as overheads are low, everything works and there are no trade debts or equipment leases then top that off with a fair rent and a good lease.
Then enjoy a fantastic lifestyle now open just 30 hours a week over 5 days. We currently close for 6 weeks a year to travel and attempt golf, archery and all sorts of other activities each week.
Why sell? After 20 years we want to move on.
Ring Steve on 0418557764
History
A SECURE LOW RISK INVESTMENT AND LIFESTYLE
Currently, just the two of us have operated our successful high visibility internationally awarded boutique ‘European’ bistro for over 20 years enjoying a fantastic work / life balance opening just 30 hours a week and around 46 weeks a year.
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