High-traffic Fish And Chips Restaurant For Sale

This well-established fish and chips restaurant is in a prime Northeast Melbourne location, just 6km from the CBD.

*10-year lease
*$900 weekly rent
*Full commercial kitchen
*Prime spot near transport
*Includes a one-bedroom space
*$676,000 annual takings

The business benefits from steady foot and vehicle traffic, particularly in the evenings, within a busy outlet mall and next to a central train station. The 120sqm premises feature a full commercial kitchen, a walk-in freezer and high-end equipment worth over $350,000. A one-bedroom space at the back adds convenience for an owner-operator.

Operating five days a week from Wednesday to Sunday, 11:30 am to 8:00 pm, the business derives annual takings of $676,000 with a net profit of $260,000. The gross profit margin is 70%, with stock valued at $5,000. Rent is $3,600 monthly, with additional costs such as council rates, water and utilities remaining manageable. The lease runs on a secure 5+5-year term, starting in January 2023, with a three-month bond required.

The business is staffed by one full-time owner, one full-time employee, one part-time worker and three casuals. There are no third-party delivery services such as Uber Eats or Menulog, which provide substantial growth opportunities. Expanding trading hours could also boost revenue.

Listing ID: ME03151
Broker: Jeremy Gao
Phone: XXXXXXXXXX
Email: XXXXXXXXXX
Ref: ME03151
Timestamp: XXXXXXXXXX 0003