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Restaurant Business Best View In Adelaide For Sale

Adelaide, South Australia, Australia
Asking Price:
$500K - $1M (AUD)
Sales Revenue:
$2,340,000 (AUD)
Cash Flow:
Available on request

**Make An Offer**

This beautiful restaurant enjoys a huge exposure location with the best view in Adelaide. It serves delicious, traditional Greek food with a modern take. Vendors have brought Greece to South Australia – providing great tasting food, a fun and friendly experience and live music on weekends.

The large restaurant enables the vendors to cater for birthdays, weddings and corporate functions and they have an events team that will work with clients to create their special event.

The restaurant has three areas, the main dining room that seats 80 people, there is a smaller function room for up to 20 people and an indoor terrace which sits up to 40 people. There is also a bar area where customers can enjoy a drink and some mezes. The restaurant is fully licenced and has a commercial kitchen.

Open for lunch (12 to 3pm) and dinner (5:30 to 10:30pm) Monday to Friday
11:30am to 11:30pm on Saturday and Sunday.

The owner works in the business with 1 full time manager and 25 casual staff as needed.

Turnover is approx. $45,000 per week, with rent of $3,000 per week incl. GST and outgoings. There is a secure lease of 10 years commenced April 2019.

Well worth an inspection.

For more information contact Chris Panagiotidis or Elle Likopoulos.

Ref: B13875

Property Information

Real Estate:

Lease

Lease Terms:

10 years startings 23/04/2019

Leasehold Rent:

$156,000 (AUD) per annum

Business Operation

Trading hours:

Monday, 12pm - 3pm / 5:30pm - 10:30pm; Saturday & Sunday, 11:30am - 11:30pm, Friday, Saturday, Sunday Live

Employees:
1 FT owner, 1 FT Staff, 25 Casual
Years established:
4

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