Thriving restaurant in South Melbourne (GJ151)

A fully fitted out restaurant situated in a prime location on Clarendon St, South Melbourne. This successful business location has everything you need to operate your own restaurant with dine-in and take away.

Just put your name up and get started. The restaurant which has been generating around $60k revenue per month is relocating, providing the ideal premises fully fitted out with all the cooking equipment, kitchen facilities, tables and chairs needed to be fully operational.

Situated in a thriving section of Clarendon St, the restaurant has strong passing foot traffic, loads of adjacent street parking, is on the #12 tram route and perfectly set amongst complementary dine in and take away restaurants.

The recent refurbishment of the dining room provides new floors, walls and décor for a comfortable and pleasant dining experience. The seating accommodates 32 patrons inside, and has 55m2 of outdoor footpath that has can seat a further 10 customers. The internal layout allows for ease of providing take away and servicing online order pick ups.

 

The current owner has invested around $100,000 into the refurbishment of the internal premises, so no further investment will be needed for many years. In addition the sale includes approximately $50,000 of equipment comprised of everything needed to operate a fully functional restaurant such as stoves, oven, fridges, freezers, pass=through dishwasher, sinks, basins, dining tables and chairs.

Well suited for Asian, or Indian cuisine, the kitchen has commercial woks, ovens and all necessary equipment to produce high volume, great quality food.

 

The lease has more than 2 years to run, with a option to renew for a further 3 years. Currently the lease offers rent credits so that only ½ rent is payable for ½ year up until May 2026.

 

At a bargain basement price this South Melbourne restaurant presents an outstanding opportunity for a prospective buyer looking to enter the hospitality industry or expand their portfolio with a successful and established business. The foundation is set for continued success, with opportunities to leverage the fully fitted out premises with proven potential to generate significant revenues. This is a rare chance to acquire a fully functional restaurant in a fabulous location.

 

If you’d like to receive a detailed business profile, please contact Greg Johnson on

0412 755 055 or today.