Stunning Bayside Restaurant & Bar

Altona, Australia
Asking Price: On Request
Business For Sale Details
Listed on Sep 9, 2024

Broker proudly offers a remarkable opportunity to acquire a fully equipped restaurant space ready for your unique touch! Located in the bustling heart of Altona, this prime spot is situated in a high-traffic, grocery-anchored shopping centre adjacent to Coles, ensuring ample parking and constant foot traffic.

ALWAYS DREAMED OF OWNING YOUR OWN RESTAURANT? Looking to be an Owner Operator and work your OWN hours? Purchase this turn-key Restaurant for Sale in Altona Village today and be in business for yourself by next month! This stunning venue comes with everything you need for success, featuring a fully outfitted kitchen with all equipment in place!

Beautiful contemporary designed 2 Storey Restaurant/ Wine Bar/ Cafe that captures very different clientele. The ground floor boasts an open kitchen, indoor/outdoor patio dining, while the upper level features full dining, a stage, dance floor, and open bar. Run with the current concept or this space is well-suited to any number of concepts that are ready to become the next neighbourhood gem or an established brand seeking to expand. The surrounding dense residential area is populated by high-income inhabitants, and are surrounded by supermarkets, shops, cafes, restaurants, and other businesses nearby with lots of foot traffic seven days a week from locals and tourists.

In addition to being favourably situated for walk-in business, this restaurant is also poised to expand its delivery and take-out sales benefiting from a strong delivery radius. In addition to being located in a residential area with continuous foot traffic, this business is also within easy delivery reach of many other areas of the suburb. The sky is the limit for this gem!

Current Operation: Trading as "PIANO OFF PIER," Altona's premier late-night entertainment venue featuring delicious dumplings, drinks, and live music four nights per week.

THIS OPPORTUNITY HAS A FEW KEY FEATURES THAT MAKE IT SUCH A GREAT CHOICE:

• Outstanding Exposure: Stand-alone property with high visibility in a coveted trading location.
• Superior Fit-Out: Excellent layout with bi-fold windows and doors allowing loads of natural light.
• Lease: Long secure lease with an annual rent of $60,000.
• Fully Equipped Kitchen: Includes a commercial kitchen with a walk-in cool room.
• Bar Area: Equipped with beverage coolers and a beer tap cooler.
• Seating Capacity: Accommodates 56+ patrons inside and 16 outdoors.
• Liquor License: 1am license for up to 90 patrons.
• High-Quality Finish: Finished to a high standard, well below replacement value, with excellent fixtures and fittings.
• Growth Potential: Plenty of scope for expansion and success in this vibrant location.

Why Wait? Opening a new restaurant typically involves a lengthy process of build-outs, permits, and equipment procurement. With this turn-key operation, you can skip the wait and start your business in a matter of weeks!

Seize this exceptional opportunity to establish your culinary presence in a thriving community. Don’t miss out on this prime location to bring your restaurant vision to life.

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Financials (USD)

Asking Price Not Disclosed

Cash Flow Not Disclosed

Sales Not Disclosed

Converted From AUD

Exchange Rate $0.67

Deal Terms

Represented by broker? Yes

Buyer Fee? Available On Request

Seller Financing? Available On Request

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? Available On Request

Management will stay? Available On Request

Relocatable? Available On Request

Real Estate? Available On Request

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.

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