*UNDER CONTRACT* Licensed Restaurant for Sale in Hawthorn

Industry: Food/Hospitality - All, Services - All, Technology - All, Food/Hospitality - All, Services - All, Technology - All | Listed by: Network Infinity


Key Strengths:


About the business

Business for sale in Victoria -> Restaurant for Sale in Melbourne -> Restaurant for sale Inner East Melbourne
This business has it all - location, low price, ecstatic setup and diverse clientele. It can be turned into any other type of hospitality business as the purchaser wishes or continue it in its current form. Current owners open for only five days for dinner as they can't operate any longer due to their full time job commitment. Hence, it's a great opportunity for an owner operator or astute investors to open for longer hours to capture the breakfast and lunch trade as well.

SUPERB PRIME LOCATION
LARGE SEATING CAPACITY
BARGAIN PRICE , GET THE DREAM LOCATION FOR YOUR CONCEPT

* Weekly Sales $7000
* Weekly Rent $1222 (ex GST)
* Low rent for the size and location
* Operating 20 hours per week, currently operating for dinners only
* Located on a busy road surrounded by high density residence, businesses and a famous University in Australia
* Plenty of space, large 275 sqm premise
* Liquor license until 11 pm with a capacity of 100 patrons
* Dining space with a small bar downstairs. Function room with 50 seating. Also has a bedroom upstairs
* Currently open for dinner only, substantial opportunity to increase sales further by opening for lunch and breakfast
* Immaculate setup
* Vendor will provide training and handover
* Business is suitable for experienced owner operator or investors. Offers with subject to finance won't be accepted.
* Asking $75K + Stock Appx $10K (optional)


EXCLUSIVELY LISTED WITH NETWORK INFINITY
For more information or help on registering on our site
please contact Sam on

0427 836 110

Disclaimer The financial information and statements relating to the above business has been prepared based solely on the information supplied by the vendor to Network Infinity and therefore Network Infinity does not guarantee the accuracy of such statements and financial information. Network Infinity will not be liable for such statements and financial information. Network Infinity strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business. Image used only for illustrative purpose to protect seller's privacy. It is in no way representative of the actual business or it's products.
Know someone that could be interested in this?
Asking Price:
$75,000
Yearly Profit :

----


Country

Australia

State

Victoria

Suburb

----


Postcode

3122

Locality

----

Established on

Contact the business


Revenue

----

EBITDA

----

No. of employees

----

Lease period

----


Stock

----


Contact Details Verified

Email Broker Verified

Advertiser Details
Company Logo
New South Wales
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

Need finance support?

We offer tailored financing options that work for you to get the deal done.

Free business valuation

Know if you're paying too much for this business or if it’s right on the money.

success

Success!

Form has been submitted successfully and a representative will get touch with you