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Overview
Financial Performance
Revenue
$21,666
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
$6,673
Operations & Ownership
Owner Role
Full Time
Property Information
Premise Type
Commercial Street
Operations & Growth
Reason For Sale
N/A
Description
An exceptional opportunity to secure a premium hospitality venue in the heart of Cremorne, offering a long secure lease, full liquor licence and the freedom to introduce your own brand and concept.
Located on the ground floor of a landmark mixed-use development, this beautifully designed venue presents a rare opportunity for an experienced operator to acquire a fully fitted hospitality business at a fraction of replacement cost. The current trading name is not included in the sale, creating the perfect platform for an established cafe operator, burger concept, quick-service restaurant, sandwich bar, licensed eatery or hospitality group looking to expand into one of Melbourne's most sought-after commercial precincts.
With approximately $800,000 invested in the fit-out, furniture, fixtures and equipment, an incoming operator can take advantage of the extensive infrastructure already in place and focus on launching a proven concept. The landlord is seeking a quality operator with a strong hospitality background and a compelling food and beverage offering that will complement the building and surrounding precinct.
Key Features
• Prime Cremorne location
• Long secure lease – 14 + 5 + 5 years commenced May 2024
• Fully licensed venue for 100 patrons
• Liquor licence until 11pm weeknights and midnight Friday & Saturday
• Seating for approximately 70 patrons (50 inside, 20 outside)
• Premium fit-out, furniture, fixtures and equipment package
• Commercial kitchen with extensive infrastructure included
• Trading Monday to Friday, 8am – 2pm
• Weekly turnover averaging $4,000 – $7,000
• Walk-In Walk-Out opportunity
• Ideal for an established hospitality brand seeking a Cremorne presence
• Landlord seeking an experienced operator with a strong food and beverage concept
• Opportunity to rebrand and launch your own proven concept
Asking Price: $100,000 WIWO
This is a rare opportunity to secure a premium hospitality venue in one of Melbourne's most tightly held commercial precincts without the substantial cost, time and risk associated with a new hospitality build.
VIDEO TOUR LINK: https://www.youtube.com/watch?v=ddVrOAmGWQU
For more information contact:
Nicole Maroush
Absolute Business Brokers
0435 305 815
Ref: B15092
Located on the ground floor of a landmark mixed-use development, this beautifully designed venue presents a rare opportunity for an experienced operator to acquire a fully fitted hospitality business at a fraction of replacement cost. The current trading name is not included in the sale, creating the perfect platform for an established cafe operator, burger concept, quick-service restaurant, sandwich bar, licensed eatery or hospitality group looking to expand into one of Melbourne's most sought-after commercial precincts.
With approximately $800,000 invested in the fit-out, furniture, fixtures and equipment, an incoming operator can take advantage of the extensive infrastructure already in place and focus on launching a proven concept. The landlord is seeking a quality operator with a strong hospitality background and a compelling food and beverage offering that will complement the building and surrounding precinct.
Key Features
• Prime Cremorne location
• Long secure lease – 14 + 5 + 5 years commenced May 2024
• Fully licensed venue for 100 patrons
• Liquor licence until 11pm weeknights and midnight Friday & Saturday
• Seating for approximately 70 patrons (50 inside, 20 outside)
• Premium fit-out, furniture, fixtures and equipment package
• Commercial kitchen with extensive infrastructure included
• Trading Monday to Friday, 8am – 2pm
• Weekly turnover averaging $4,000 – $7,000
• Walk-In Walk-Out opportunity
• Ideal for an established hospitality brand seeking a Cremorne presence
• Landlord seeking an experienced operator with a strong food and beverage concept
• Opportunity to rebrand and launch your own proven concept
Asking Price: $100,000 WIWO
This is a rare opportunity to secure a premium hospitality venue in one of Melbourne's most tightly held commercial precincts without the substantial cost, time and risk associated with a new hospitality build.
VIDEO TOUR LINK: https://www.youtube.com/watch?v=ddVrOAmGWQU
For more information contact:
Nicole Maroush
Absolute Business Brokers
0435 305 815
Ref: B15092
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