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Restaurant, Bar, Function Venue Slicks In Mulgrave For Sale

Mulgrave, Victoria, Australia
Asking Price:
$100K - $250K (AUD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$50K - $100K (AUD)

Boston Brokers welcomes to the market an exciting opportunity to acquire (on a business only basis) a well-respected and popular food and beverage business.

The business has been under the careful and meticulous ownership of our client for a number of years, building up an enviable reputation within the local area and further afield, and is a true testament to the hard work and dedication from the current owners, resulting in the high calibre of business on offer. The business is now being offered for sale due to our client’s other business interests and they are keen to see the business pass to someone with the same drive and enthusiasm to take it to the next level.

This business presents an excellent opportunity to take over an existing concept, or start your own concept with a huge captive audience.

• Prime location in super busy corporate business estate
• Near new build out, approximately 2 yrs ago
• This is a free-standing building that has amazing curb appeal with ample parking and 60 indoor seats with additional large outdoor patio seating area
• Fully equipped commercial kitchen
• 620sqm venue
• Large open plan warehouse with high ceilings and excellent amenities
• Secure lease with excellent rental terms and conditions
• Well-designed open space with custom fitout.
• The space has extensive leasehold improvements and includes a full equipment list that will set a new owner up for success.
• Excellent fixtures, fittings and equipment
• This location offers flexibility for various operations that could suit many concepts/themes– café, restaurant, steakhouse, brewery, distillery, gallery, event space, steakhouse, corporate catering
This high traffic location attracts the employees of neighbouring businesses that include corporate office headquarters for: Tesla, mercedes benz, addidas, pfizer, mazda, toyota, kmart, bmw, honda, lavazza, forty winks, peters ice cream, hrl technology and many more.
A new operator could easily expand the event capabilities of this amazing space. When completely stripped back (tables, chairs + dividers removed), the open space is 250 square meters of anything you imagine up. Want a pirate themed birthday? Done. Want a casual, kitch wedding reception? Easy. Want to really go all out with lasers and smoke machines? You got it.

Capacities:
Seated (standard) – 60
Seated Maximum – 150
Cocktail – 300

This is a highly desirable business with an excellent business model in place and would be a very attractive proposition for either an individual or partnership looking for their first business in this sector which is already established, or for an experienced operator looking for an additional business with an attractive potential income stream. Don't miss out on this great, versatile space, with low rent, in a hidden gem of an Eastern suburbs neighbourhood.
Viewing highly recommended

Property Information

Real Estate:

Lease

Location:

Prime busy mulgrave business park location

Business Operation

Competition / Market:

NIL

Employees:
5

Other Information

Support & training:

YES

Contact Boston Brokers

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