Massive Restaurant/ Function/ Bar- Dining Venue

Kew, Australia
Asking Price: On Request
Business For Sale Details
Listed on Dec 10, 2022

Brokers are pleased to have been given the opportunity to manage the sale of this Magnificent Venue.

Big capacity Licensed Restaurant & Bar Venue in absolute prime high-visibility location, providing an excellent turnkey food and beverage opportunity.

Located in the heart of Inner East, the spacious building is 600+ square metre and has bars & commercial kitchens on both floors. The ground floor is the main business area, with a seating for 150 patrons plus separate wine bar area. The 2nd floor is regularly filled with private catered events, with a capacity for up to 120 patrons. There is a very large immaculate sized kitchen, prep areas, and dishwashing area, as well as plenty of storage areas with walk-in coolers, freezers, and refrigerators.

The property has recently been refurbished and so this would make a great opportunity for a purchaser looking for a walk-in trading opportunity.

Since establishment our clients have built up an excellent reputation for the quality and dining experience offered along with the option to take away.
This Restaurant is ideally positioned in the centre of town sitting alongside other complimentary retail businesses, office and residential/commercial precinct and thus benefits from high levels of footfall and passing.

- Well established business with an enviable reputation and many existing customers
- Excellent location
- Scope to expand/ increase
- The owner has streamlined the operation for efficiency and customer satisfaction.
- Long secure lease.
- High quality finishes and equipment throughout
- Recent improvements and updates internally.
- Rear access, car parking, and lift. There is free on street parking.
- Ideal owner managed or partnership business
- All fixtures and fittings included making this a real Turnkey business opportunity
- This is an asset sale with excellent equipment & beautiful build-out.
- Current owner happy to offer a handover to ensure the continued success
- Priced well below cost

Enhanced and proactive marketing methods are needed to grow and fully utilise the space to achieve maximum income potential. The business is set up to be a multifunctional restaurant bar and event space or concept base on your preferences. Continue the current concept or bring your own ideas.

We are seeking a serious and financially qualified buyer. This fantastic business is likely to attract considerable interest.

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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? Available On Request

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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