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Opportunity of a Lifetime

Opportunity of a Lifetime
Turnover $312,000

Details

Turnover $312,000
Location 542 Little Bourke Street Melbourne VIC
Categories Food/Hospitality – Restaurant
Date Listed 5th December, 2017
Listing ID 4887

Description

Opportunity of a Lifetime

1. Total price to be paid for business including Fixtures and fittings - Nil
2. Current sales $6000 per week
3. Take over balance of the Lease to April 31 2018 – current monthly rental $7575 + GST
4. Negotiate a new Lease with Landlord. We believe that the following conditions may be acceptable to Landlord:
a. 5 years Lease
b. New Rental estimate $7000 + GST including outgoings plus water charges
c. Escalation – 3.5%
d. Demolition Clause – compensation to be negotiated in the event of demolition
e. Permission to install small new kitchen possible.
f. 3 – 6 months rental guarantee required
Further conditions of Lease (if any) to be negotiated between both parties.
This is a wonderful opportunity for a couple of highly motivated entrepreneurs with PR skills to grow a business without having to pay for an established turnover and face the immense risk and difficulty of a business start-up.