This extremely popular restaurant has been in operation in Melbourne for over 30 years and has been run by the current vendors since 1992. It is well-known across Melbourne and was awarded with the prestigious prize of Good Food Guide Awards in both 1995 and 1996. Hence, it has built its reputation as being one of Melbourne’s leading steak houses. It consists of a well-developed menu with an array of wine selections to accompany it making it the perfect wine and dine venue.

This restaurant is located in Melbourne’s inner northern suburb of Carlton on the prestigious Lygon street – that is home to many of Melbourne’s most famous restaurants and cafes. The venue has an excellent fitout where all you will need to do is take over the fantastic lease that is on offer.

This business that is for sale has stood the test of time which is evident with the long-standing vendors. It is profitable with an enviable lease in arguably Melbourne’s most iconic street.

KEY INFO:

• Average weekly takings of $28,000
• Net Profit of $8,000 a week
• Secure long lease with 20 years remaining (5 years +5 years +5 years +5 years )
• Monthly rent is $9,801.32 (GST inclusive)
• Fully licensed until 1am Monday – Saturday and 11pm on Sunday
• Seats 85 people inside and out
• Large function room
• Currently has 11 staff (5 FTE and 6 PT – including the vendor)
• All equipment is in outstanding condition and owned outright. All equipment is inclusive in the sale.

OPEN TO OFFERS