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Fully Licenced Restaurant In Busy St Kilda Area For Sale

St Kilda, Victoria, Australia
Asking Price:
$65,000 (AUD)
Sales Revenue:
$234,000 (AUD)
Cash Flow:
Available on request

This fully licenced restaurant for sale is very well located in the busy St Kilda area - a well-known dining precinct. Just a few doors down from a tram stop and a busy intersection, it is very easily accessible by both tram and train.

Currently selling Italian cuisine, but the menu can be changed to suit a new owner/operator.

This business takes advantage of numerous businesses in the area, particularly the Town Hall and is surrounded by large residential areas.

A boutique restaurant, it has seating for 25 inside and 4 outside, with further seating for 10 in an inside back area. Perfect size for an owner/operator looking to run a small restaurant.

Well fit out with a commercial kitchen, coolroom and bar, it is fully licenced to 11pm.

Currently trading 6 nights a week Wednesday to Sunday 5pm to 9pm, with later close on Thurs, Fri and Sat. Partnered with numerous food delivery platforms. There is ample opportunity to trade for business lunches and take advantage of the close proximity to the Town Hall.

Current owner works short hours in the business with 2 part-time staff.

Turning over approximately $4,500 per week on average with rent of $3,455 per month including GST. There is a secure lease of 3x3x3 which commenced in March 2023.

Take advantage of this excellent St Kida location, call today to organise an inspection.

Ref: B14637

Property Information

Real Estate:

Lease

Lease Terms:

3x3x3 which commenced in March 2023

Leasehold Rent:

$41,460 (AUD) per annum

Location:

Just a few doors down from a tram stop and a busy intersection, it is very easily accessible by both tram and train.

Premises Details:

Well fit out with a commercial kitchen, coolroom and bar, it is fully licenced to 11pm. Seating for 25 inside and 4 outside, with further seating for 10 in an inside back area.

Business Operation

Reasons for selling:

Personal 

Trading hours:

6 Days- Mon, Wed, Sun: 5pm-9pm; Thurs-Sat 5pm-10pm. Closed Tuesday

Employees:
1PT Owner, 2 PT Staff