Buy 690 - Cafe and Risotto Bar
Food/Hospitality - Convenience Store Businesses for Sale in Moonee Ponds, VIC, Australia
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| Title: | 690 - Cafe and Risotto Bar | |||||||||||
| ID Number: | 8425 | |||||||||||
| State: | Victoria (VIC) | |||||||||||
| City/Town/Suburb: | MOONEE PONDS VICTORIA 3039 | |||||||||||
| Listing Type: | Businesses | |||||||||||
| Categories: | Food/Hospitality - Convenience Store, Food/Hospitality - Supermarket | |||||||||||
| Description: | Melbourne‘s First Fully Licensed Risotto Bar and Café, this stylishly presented business offers guests a great dining experience in a very friendly atmosphere. The current owner has operated the business for the past six years, and the premises have been operated as a restaurant for over 15 years. The business has an extensive web presence with many dine-out sites providing rave reviews. As well the restaurant has its own excellent web site. The guest satisfaction level is very high with a large file (literally hundreds) of written testimonials from extremely happy guests. Products and Services The restaurant is open for Lunch from 12 noon to 3.30 pm Monday to Friday. Dinner is served from 6 pm to 9 pm, Monday to Saturday. Private functions are arranged on Sundays with many parties, weddings, confirmations and birthdays being celebrated in stylish atmosphere created with flowers, candies, mood lighting and variable table settings. Outside catering services are provided from the well equipped commercial kitchen. Owners Role From ordering, staffing and production co-ordination and occasionally lending a hand in the kitchen the owner has been able to effectively manage the smooth running of the business Reason for Sale The vendor has other business interests that she wishes to develop further. Location The shopping precinct is vibrant with Safeway, two large greengrocers and a deli, all very popular with local shoppers creating a significant draw card to the immediate area of the business. The Australian Tax Office with its very high staff level (many of whom many are regular customers at the business) is adjacent to the business. Detailed plans for the current and future development of the Puckle Street Precinct are available to prospective purchasers. Property The recent stylish new fit out of the dining area provides another bonus for the new owner. The business is located in a modern glass fronted shop, on the ground floor of a three story office building and comfortably seats 87 guests. This fully licensed, air-conditioned cafe has a well fitted bar, dispensing coffee and alcohol. Lease There is in place a lease with two years left on the current term plus an option for a further five years providing long term tenure. Sale Terms The business is offered for sale at $580,000 plus stock at valuation. The vendor will offer a 2 week handover period, and will negotiate longer if required. The vendor is prepared to trial the business, for a 2 week period as a condition of the sale, after a contract is signed, and a 10% deposit paid. In Summary At BizAus we are proud to have been chosen to offer this business opportunity it represents the the excellent work of the owner to establish a genuine business. A series of comprehensive strategic plans for the precinct are available to prospective purchasers. |
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| Price: | $ 495,000.00 | |||||||||||
| Stock Value: | $ 15,000.00 | |||||||||||
| Net Profit: | Upon application | |||||||||||
| Turnover: | $ 475,000.00 | |||||||||||
| Lease Terms: | 2 years + 5 year options | |||||||||||
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