Sold - Hello Jose

West Melbourne, Victoria 3003

SOLD

Key Features

AI generated. Contact seller to confirm.

  • Capacity of 61 guests
  • Footpath trading for twelve
  • Bifold doors open to courtyard
  • Colourful decor reminiscent of seaside bars
  • Small commercial kitchen and bar
  • Excellent income potential
  • Turnover: Not disclosed
  • Net Profit: Not disclosed
  • Rent/Lease: $1250 per week
  • Stock Value: Included
  • Established: Not disclosed

Business Details

Business Category Restaurant

Not only does Hello Jose capture the daily traffic passing the venue but really does well when the Queen Victoria Market is on. With so many visitors it is a short walk across the road to a much quieter Mexican oasis.

There is footpath trading for twelve at the front of the venue with next doors frontage available as well. The bifold doors open out to reveal the full frontage of the venue. The bar and small commercial kitchen take up most of the space inside. This is not an issue as nearly everyone heads out to the relaxed courtyard with shipping pallet tables, overhead cover, colourful umbrellas and room for 40 guests. The "tacky disco" décor at Hello José is fun and reminiscent of the seaside bars in Mexico and South America and is a great place to escape the hustle of the market.

Hello Jose has a restaurant and cafe licence until 11pm with a capacity of 61. There are seven years left on the lease made up of 1+3+3 and rent including GST and also outgoings comes in at $1250 a week. All fixtures and fittings are included in the sale.

The vendor has created a very nice venue that provides an excellent income. So Hello Jose suits an owner operator that can change nothing and maintain a great style of life. Or there is the opportunity to just capitalise on the space and location bringing a different concept to the area. The venue may be small but it is very profitable and there are a full set of financials to show this. The owners have moved regionally and the commute is too much hence the sale. A good set of numbers has Hello Jose being listed at only $75,000 (price reduction) for this fun opportunity.
Other Features / Notes
A:LEASEHOLD, B:CAFES, B:HOTEL/BAR, C:VIC - Melbourne

What's Nearby

Contact Seller
CRE Brokers CRE Brokers

Bsale ID: 636214