Featured For sale
Bar/Restaurant/Function
  • Melton, Melbourne, City of Melton, Victoria, Australia
    Featured For sale
    Bar/Restaurant/Function
  • Melton, Melbourne, City of Melton, Victoria, Australia

    Overview

    • Alcohol/Liquor, Food/Beverage/Hospitality
    • Property Type

    Description

    Bar/Restaurant/Function Room for Sale

    Fully licenced Restaurant with a large separate function and party area. Commercial kitchen, good-sized cool room, and preparation area, sitting capacity, approximately 175. Standard business sponsor (SBS) approved. Great location. Advance bookings for functions and parties; most occasions, festivals, and live events are fully booked. It costed around $380,000 to set up this large area that has separate seating for a restaurant and a function area. Chattels are valued at around $150,000/-. The current gross weekly sales range between $16,000 and $18,000. The restaurant floor area is approx. 248 square metres plus a function room (approx. 100 square metres). Heaps of car parking. This restaurant is part of a famous shopping centre located outside and has a separate entrance.

    Business Highlights:

    • Income from the bar
    • Income from dine-in
    • Income from functions, parties, and events
    • Income from catering
    • Income from deliveries Uber, Menu Log, and Door Dash
    • Liquor licence for 175 patrons, Monday through Sunday, 9:00 a.m. to midnight
    • Assets/Chattels valued approx.150,000/-
    • The setup costed around $380,000.
    • Gross sales of $708,640.10 for the year ended June 2022
    • Current gross weekly sales are between $16,000 and $18,000.
    • Offering trials and training
    • Base Monthly Rent is $8,442.58 plus GST
    • Monthly Outgoings, Promotion Contribution $2265.48 plugs GST
    • The new lease began on January 27, 2021, for seven years (until January 26, 2028).
    • Current Bank Guarantee of $32,376.51
    • The restaurant floor area is approx. 248 square metres plus a function room (approx. 100 square metres).
    • Standard business sponsor (SBS) approved.
    • Heaps of car parking
    • Possibility of adding live kebabs to the already-available provision
    • All systems and procedures are in place.
    • CCTV (Security system).

    Trading hours:
    The business’s present trading hours are Mon to Fri 3:00 pm to 11:00 and Saturday – Sunday 11:00 am to 11:00 pm. The trading hours can be extended, and it is permitted Monday through Sunday from 7:00 a.m. to 12:00 midnight.

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