About the Business

A rare opportunity to acquire an established, fully licensed riverside restaurant in one of Melbourne's most sought-after dining precincts. Positioned directly on the Yarra River with a 90m² outdoor terrace, this venue offers what no other restaurant in Richmond can - waterfront alfresco dining in a high-income, high-foot-traffic location.

Whether you dream of opening an Italian trattoria, a modern Australian bistro, or any cuisine that pairs beautifully with riverside sunsets - this is the venue that makes it possible. The kitchen is commercial-grade, the licence is in place, and the customers are already walking past your door.

The Location

Richmond is Melbourne's inner-city dining heartland. With a population of 28,587 residents earning a median household income of $2,245 per week (28% above the Victorian average), this is a neighbourhood where people dine out regularly and spend generously. Over 52% of residents hold a Bachelor degree or higher and the 25-39 age group makes up 41% of the population - the prime restaurant-going demographic.

The nearby Cremorne tech precinct (home to SEEK, Disney, and Carsales) delivers a constant stream of professionals looking for quality lunch and after-work dining. Your venue sits on the Yarra Trail, one of Melbourne's busiest cycling and walking routes. Thousands pass your terrace every day - hungry cyclists, families on weekend strolls, couples looking for a sunset drink.

What's Included

This is a complete, turnkey restaurant operation. $300,000+ professional commercial kitchen including Rational combi-oven and commercial refrigeration, all fully owned with no outstanding leases. Restaurant and Cafe liquor licence to 1am. 131m² internal dining area plus 90m² licensed outdoor terrace with direct Yarra River views. Secure lease through December 2029 with two 5-year options extending to 2039. Fixed 3% annual rent reviews. Vast shopping centre secure parking nearby. 1,000+ social media followers. 2-4 weeks comprehensive training and handover included.

Why This Restaurant

Richmond's dining scene is dominated by Vietnamese, Thai, and Modern Australian restaurants. What is missing is a quality riverside restaurant offering European-style cuisine. There is currently no waterfront dining option in Richmond or Abbotsford serving Italian, Mediterranean, or European food.

Rita's Abbotsford, a popular Italian restaurant nearby, has thrived for over 10 years with a 4.4-star Google rating and 1,400+ reviews. Customers regularly pay $60-$80 per person. But Rita's has no outdoor dining, no river views, and no terrace.