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1am Liquor License Korean BBQ Restaurant Near CBD For Sale

Victoria, Australia
Asking Price:
$295,000 (AUD)
Sales Revenue:
$1,144,000 (AUD)
Cash Flow:
$100K - $250K (AUD)

- Modern Korean BBQ restaurant located close to the CBD, busy main road surrounded by a mix of offices and residential apartments.

- Established by the current owner 2 years ago, featuring high quality fitout and near new equipment, with total setup and renovation costs exceeding $1 million.

- Fully licensed venue with seating for 100+ patrons, approved to trade until 1am.

- Spacious premises of over 300 sqm, including a fully equipped commercial kitchen and walk-in cool room.

- Secure long lease with more than 17 years remaining,2 private car parks included.

- Currently operating 6 evenings per week from 5pm, strong potential to introduce lunch trade and increase revenue.

- Flexible setup suitable for continuing as Korean BBQ or converting to another cuisine or concept.

- Motivated vendor selling due to other business commitments.

Weekly Average Takings: $22,000
Asking Price: $295,000 + Stock

Property Information

Real Estate:

Lease