Highly Profitable Bar, Eatery

On offer is a well-established bar, eatery & taphouse with a unique combination of profitability, ease of operation and enviable lifestyle. Its prime location in Mitcham and easy to see growth potential make this an excellent investment for motivated new owners.
*Taking $40,000 PW
*Established in 2018
*180 seating capacity
*20-year lease
*462 sqm internal, 650sqm site
*4-day operations
*P&E worth $650,000
*Ample parking
Gerry Morelli and the team at LINK Melbourne are excited to bring to the market a reputable bar, eatery and tap house strategically located within one of the original urban industrial precincts. It offers a simple to prepare and interesting menu featuring wood-fired pizzas and a diverse array of comfort foods including slow cooked lamb, ribs, burgers and more. The business enjoys a solid and secure foundation, and an extended lease term presents an excellent opportunity for new owners to leverage its legacy of success further.
Please NOTE: - The option to purchase the property along with the business will be available to the successful buyer.
The expansive and well-fitted industrial premises offer a large yet warm and inviting space, creating a unique atmosphere for patrons to enjoy. Moreover, the adjacent street parking adds an extra layer of convenience, greatly enhancing the overall customer experience, especially during the bustling peak hours.
Operating for 41 hours over a 4-day working week, this business is ideal for those seeking an easily manageable venture within the hospitality industry whilst enjoying a great lifestyle. Furthermore, the untapped potential for revenue growth through extending operating hours and innovative marketing strategies remains substantial, presenting an attractive prospect for new owners seeking to maximise returns.
To learn more about this business, contact me today. I would be glad to provide more details to qualified purchasers.
Listing ID: ME02716
Broker: Gerry Morelli
Phone: XXXXXXXXXX
Email: XXXXXXXXXX
Ref: ME02716
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