Unbeatable Mt Eliza Hotspot, High-Exposure Location with Urgent Sale Opportunity

Summary

An opportunity for a new owner to take over a secure lease in a busy strip of shops in Mt Eliza. Owner must sell as they are relocating.

About the Business

Lying on a busy strip on Ranelagh Drive, Mt Eliza in a highly sought-after location is this restaurant looking for a new owner to continue as is or expand to a 150 seat restaurant. The restaurant has seating capacity for 50 seats currently, with an opportunity to expand to 150 seats and comes with $60k worth of commercial equipment and furnishings.

Key features
→ Busy hot-spot in Mt Eliza with high foot traffic
→ Suitable for 491 Visa seekers
→ Would suit owner operator

Financials
→ 1+3 year lease remaining with ability to extend further
→ Current takings $10k a week in sales
→ $60,000 worth of commercial equipment & furnishings included in sale
→ $85k + GST annual lease