Inner City, VIC

Cafe/Restaurant ($50k+ per week)

REFINEMENT, FLAIR & LOCATION – a superbly located café/ restaurant that deserves respect! One of Melbourne’s most-loved restaurants located in the heart of Richmond at 117 Swan Street, Feast of Merit, has launched a search to find a new owner. The beautiful 100-seat licensed restaurant has an on-trend industrial theme with polished concrete floors, exposed brick walls, distressed timber beams and window frames, and bare, hanging bulbs. The talented team at Feast of Merit champion a farm-to-table philosophy to bring seasonal, sustainable and ethical fare with a difference.

SNAPSHOT
- Asking Price: $600,000 plus SAV
- Weekly Sales: ranging between $50,000 to $55,000 per week
- Coffee Sales: 40-45kg per week
- Open 7 days per week serving breakfast, lunch, dinner, snacks, coffee and alcohol in a fantastic location
- Seating for approximately 70 inside, 15 outside, plus an amazing rooftop bar
- Attracts daily regulars, drop-ins, tourists and destination eaters
- Very strong social media presence
- Located in a thriving and well-known shopping and dining precinct
- Currently operates under full management
- Liquor licence in place

LEASE
- Current term commenced in March 2014 for a period of 5 years
- Further terms of 5+5+5 years
- Annual rental approximately $119,000 plus GST ($9,926 plus GST per month)
- Premises is approximately 140 square meters downstairs, 140 square meters on first floor/ rooftop

AWARDS
- Melbourne Design Awards - Feast of Merit - Gold Winner 2014 / Interior Design - Hospitality
- Melbourne Design Awards - Feast of Merit Rooftop - Silver Winner 2016 / Interior Design - Hospitality

STRENGTHS/ BENEFITS
- Unique design on fantastic corner location
- Fantastic mix of indoor and outdoor dining areas plus rooftop
- Very long lease in one of Melbourne's busiest dining precincts
- Superb, award winning fitout and design
- Perfect opportunity for an investor or experienced operator

Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on 0411 145 114 for a confidential discussion about this business or register your interest by clicking on the 'Contact Agent' link on this advertisement and completing your details. Please quote reference BR1268.

A full Information Memorandum will be provided only after the completion of a Confidentiality Agreement.

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