Waterfront Dining On The Yarra Business For Sale Sv1579

A rare opportunity to acquire an established, fully licensed riverside restaurant in one of Melbourne's most sought-after dining precincts. Positioned directly on the Yarra River with a 90m² outdoor terrace, this venue offers what no other restaurant in Richmond can - waterfront alfresco dining in a high-income, high-foot-traffic location.

Whether you dream of opening an Italian trattoria, a modern Australian bistro, or any cuisine that pairs beautifully with riverside sunsets - this is the venue that makes it possible. The kitchen is commercial-grade, the licence is in place, and the customers are already walking past your door.

The Location

Richmond is Melbourne's inner-city dining heartland. With a population of 28,587 residents earning a median household income of $2,245 per week (28% above the Victorian average), this is a neighbourhood where people dine out regularly and spend generously. Over 52% of residents hold a Bachelor degree or higher and the 25-39 age group makes up 41% of the population - the prime restaurant-going demographic.

The nearby Cremorne tech precinct (home to SEEK, Disney, and Carsales) delivers a constant stream of professionals looking for quality lunch and after-work dining. Your venue sits on the Yarra Trail, one of Melbourne's busiest cycling and walking routes. Thousands pass your terrace every day - hungry cyclists, families on weekend strolls, couples looking for a sunset drink.

What's Included

This is a complete, turnkey restaurant operation. $300,000+ professional commercial kitchen including Rational combi-oven and commercial refrigeration, all fully owned with no outstanding leases. Restaurant and Cafe liquor licence to 1am. 131m² internal dining area plus 90m² licensed outdoor terrace with direct Yarra River views. Secure lease through December 2029 with two 5-year options extending to 2039. Fixed 3% annual rent reviews. Vast shopping centre secure parking nearby. 1,000+ social media followers. 2-4 weeks comprehensive training and handover included.

Why This Restaurant

Richmond's dining scene is dominated by Vietnamese, Thai, and Modern Australian restaurants. What is missing is a quality riverside restaurant offering European-style cuisine. There is currently no waterfront dining option in Richmond or Abbotsford serving Italian, Mediterranean, or European food.

Rita's Abbotsford, a popular Italian restaurant nearby, has thrived for over 10 years with a 4.4-star Google rating and 1,400+ reviews. Customers regularly pay $60-$80 per person. But Rita's has no outdoor dining, no river views, and no terrace. This venue has all three. The venue is also pet-friendly - a major drawcard in dog-loving Richmond.

Growth Potential

The current operation trades 6 days per week with dinner service only 3 nights (Thursday to Saturday, 6pm-9pm). Significant upside includes expanding dinner service to Tuesday, Wednesday and Sunday evenings, extending Friday, Saturday and Sunday hours for late-night dining and drinks, hosting private functions and celebrations on the riverside terrace, launching corporate catering to the nearby Cremorne tech precinct, and building delivery partnerships. Adding dinner nights and extending weekend hours could increase revenue by 60-80% on the current base.

Ideal Buyer

A chef or restaurateur ready to launch their own concept in a premium riverside setting. An experienced hospitality operator looking for a turnkey venue with proven revenue. A business investor seeking a high-return lifestyle asset in Melbourne's inner city. A couple or family wanting to build a restaurant legacy in a one-of-a-kind location.

Not Included: POS system (linked to current owner) and artwork (owner's personal paintings).

Property Code: 553