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European Restaurant That Can Be Converted To Any Concept Taking $10kpw In Elsternwick For Sale

Elsternwick, Victoria, Australia
Asking Price:
$99,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

- Categories: Food/Hospitality, Food/Beverage
This business is a well-established Russian restaurant offering a traditional menu and a massive selection of vodkas, cocktails, beers and other alcoholic beverages. It is well-loved by the local community resulting in its excellent reputation both online and offline, as well its high rate of repeat customers with minimal marketing. It indeed presents a highly attractive business acquisition opportunity, perfect for a family operation or an experienced operator who could convert it to a new concept as they wish!

*Taking $9,000-$10,000 PW
*8-year lease (commenced 2022)
*5-day operation
*Small team size
*Prime location
*P&E worth $200,000
*Licensed premises

Kristy and Nick Kolaitis and the team at LINK Melbourne are thrilled to present a longstanding Russian restaurant to the market.

It is a long-established business that has been operating for over a decade, owing to its traditional fare and a broad range of vodkas and other alcoholic beverages.

It is located in a busy shopping strip, surrounded by major suburb amenities and exposed to high volumes of foot and motor traffic daily.

Its licensed premises is a 2-level building with a full commercial kitchen, spacious dining areas, bathrooms, office and large storage. It is also immaculately decorated throughout and fitted with all assets required to continue operating at its current level.

With increased marketing or a potential introduction of a new business concept, it is on track to further growth owing to its stellar local reputation and prime location.

To learn more about this exciting business acquisition opportunity, give Kristy and Nick a call today!

Listing ID: 16918
Broker: Kristy and Nick Kolaitis
Phone: +61 3 ---- ---- / +61 --- --- --- (Kristy) / +61 --- --- --- (Nick)
Email: [email protected] / [email protected]