Listing status: Inactive

Payment not completed Reason:

Modish Albert Park Restaurant Taking $20,000 Per Week! (Our Ref: V1741)

Industry: Professional - All, Professional - All | Listed by: Paramount Business Brokers


Key Strengths:


About the business

- Flawless restaurant in prominent central Albert Park location taking up to $20,000 per week!
- Currently trading 4 days only, open for lunch and dinner service from Wednesday to Saturday.
- Very reasonable rent of approx. $1,200 per week with long and secure lease of 5+5+5+5.
- Trading since 2007 with consistent track record of high turnover and steady annual growth.
- Well-established customer database with large following and outstanding reviews.
- Reviewed by Broadsheet, Good Food Guide 2013-2018 and Gault and Millau 2016-2018.
- Prosperous inner bayside area, nearby parks and gardens in the bustling commercial hub.
- Situated opposite tram stop on busy roundabout with great exposure and plenty of parking.
- Flawless presentation seating up to 38 inside and 24 al fresco with liquor license until 11pm.
- Recently renovated commercial kitchen in pristine condition, all equipment included in sale!
- Modern Australian styled cuisine utilising fresh and seasonal ingredients sourced locally.
- Commended for their presentation and quality in food with a cosy and elegant atmosphere.

Exclusive inspections offered through Paramount Business Brokers, call to book now!

**Exclusive to Paramount Business Brokers (Our Ref V1741)
**Some Images Used for Illustration Purposes Only

“The statements and financial information relating to the subject business are based solely on information supplied by the vendor to Paramount Business Brokers (Paramount) and therefore Paramount does not warrant the accuracy of such statements and financial information and specifically excludes any liability in relation to same. Paramount strongly recommends that any prospective purchaser of the business seeks its own independent legal, accounting and financial advice and conducts its own due diligence of the business.”
Know someone that could be interested in this?
Asking Price:
$220,000
Yearly Profit :

----


Country

Australia

State

Victoria

Suburb

----


Postcode

3206

Locality

----

Established on

Contact the business


Revenue

----

EBITDA

----

No. of employees

----

Lease period

----


Stock

----


Contact Details Verified

Email Broker Verified

Advertiser Details
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.

Learn more about this listing with free business packs provided by the seller

Want to know more about this business?

Sign the sellers’ NDA to unlock more business information including annual revenue, supplier information, marketing materials and more about this business.

 Want to know more about this business?
success

Success!

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