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Restaurant And Bar Business With Apartment St Kilda For Sale

St Kilda, Victoria, Australia
Asking Price:
$1M - $5M (AUD)
Sales Revenue:
$4,524,000 (AUD)
Cash Flow:
Available on request

**Price On Application**

This music themed dining, bar and entertainment venue in the heart of St Kilda comes with an apartment - when you buy this business, you will also be the owner of a one bedroom apartment upstairs.

Established 40 years, this cafe, restaurant and bar offers indoor and alfresco dining on a busy sought after road in St. Kilda. It is open 7 days a week for breakfast, lunch, dinner and late-night drinks and has live music on certain days of the week.

It has a full complement of staff, so can be easily run under management.

Large dining area with seating for 195 inside and 70 covered, outside seating, it is fully licensed until 3am for 267 people. Large bifold doors provide good indoor/outdoor flow. There are various seating options, from tables to couches/armchairs - offering a more comfortable experience for customers as well as a private room (for functions or private dining).

It is a big attraction in the area as patrons come not only for the delicious food and drink but also for the iconic music-themed decor.

With solid turnover averaging $87,000 per week, this is a must-see business.

Rent is $13,000 per week for a large multi-level premises with a lease of 5x5x5x5 commenced in October 2017.

An inspection will surely impress.

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

Ref: B14139

Property Information

Location:

Located in a busy sought after road in St. Kilda.

Premises Details:

Large dining area with seating for 195 inside and 70 covered, outside seating.

Business Operation

Reasons for selling:

Retirement

Trading hours:

7 Days: 7am-1am

Employees:
2 Owners FT, 25 Staff FT, 10 Casual Staff
Years established:
Established 40 years

Other Information

Support & training:

It has a full complement of staff, so can be easily run under management.

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