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Asian Restaurant Business Prestigious Bayside Suburb For Sale

Beaumaris, Victoria, Australia
Asking Price:
$250K - $500K (AUD)
Sales Revenue:
$936,000 (AUD)
Cash Flow:
Not applicable

Asian Restaurant for sale located in affluent Bayside suburb of Beaumaris.

With an excellent location just a short stroll from the shores of Beaumaris Bay, this charming restaurant is a popular destination for city escapers, beach goers and locals.

Established 29 years, this Asian restaurant has shown strong and consistent turnover as patrons return for their fresh and top quality ingredients and warm and impeccable service.

The restaurant has a warm, inviting and cosy ambience and is large, spanning 2 levels. There is seating capacity for 60 inside and a further 14 outside. It is fully licenced until 11pm. There is even enough space for a staff room.

Boasts a well equipped kitchen with a walk in coolroom.

There is plenty of parking for customers in a large parking lot opposite the restaurant.

The restaurant trades 6 days: Tuesday to Sunday: 5:00pm - 10:30pm

The owner runs the business together with 8 part time staff.

Solid turnover of approx. $18,000 per week. Rent is $1,500 per week incl. GST for very large premises. A new lease is available for new owners.

This restaurant deserves an inspection, as it will impress.

For more information and to organise an inspection contact Chris Panagiotidis or Elle Likopoulos.

Ref: B13944

Property Information

Real Estate:

Lease

Lease Terms:

New Lease

Location:

With an excellent location just a short stroll from the shores of Beaumaris Bay, this charming restaurant is a popular destination for city escapers, beach goers and locals.

Business Operation

Reasons for selling:

Retirement

Trading hours:

6 Days: Tuesday - Sunday: 5:00pm - 10:30pm

Employees:
2 FT owner, 8 PT Staff
Years established:
29

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