PRIME LOCATION - AN INSPECTION WILL IMPRESS!
PRICE $188,000 + Stock
Regional Victoria is quickly gaining a healthy reputation for great food and cocktails, and thanks to this casual Mexican Restaurant & Bar, Traralgon residents have a great excuse to go out for a fun night on the town. Amigo Mexican has been a much-loved part of Traralgon for over 30 years. The current vendors took over in July 2006 and were an instant hit with the locals and tourists to the area and have built a loyal and solid following throughout the town ever since.
The business has excellent exposure thanks to its prominent position, located on the service Road off the Princes Highway. The business is currently open for dinner six nights a week, from 5pm until 8.30pm from Sunday to Thursday and until 9pm on Friday & Saturday. Making it an ideal lifestyle hospitality business only trading 22 hours a week.
The venue has a great vibe and a casual modern fitout, spacious dining area and private function space which could easily adapt to suit multiple different cuisines. One of the best features of this venue is that it has a fantastic liquor license until 1a.m Monday Saturday & 11pm on Sunday. The venue is huge and can seat up to 280 patrons inside + 20 outside and has two balcony areas. The restaurant also has a large fully equipped commercial kitchen complete with grease trap, canopy, fryers, grill, oven, cool room/freezer, dishwashers plus plenty of storage.
Current sales are in excess of $400,000p.a with huge potential to increase by extending open hours to include a lunch or breakfast trade &/or increase takeaway/delivery orders. This is a great opportunity for a seasoned hospitality operator to get into a vibrant and successful venue at an affordable price.
BUSINESS HIGHLIGHTS:
Sales of $400,000 pa
Net profit of $70,000 (adjusted)
Short trade hours only 22 hours a week over 6 nights
Fully licenced until 1a.m Monday Saturday & 11pm on Sunday
Well established for over 30 years with an excellent reputation
Huge potential to increase trade by opening for lunch & increase takeaway/delivery orders
Large open dining venue with seating for up to 280 patrons inside + 20 outside
Modern fit out in great condition - current styled as Mexican themed
Large commercial kitchen with cool room/freezer, grease trap, canopy, grills & large prep area
Prime location in busy area with great exposure and solid foot/car traffic
Ideal owner operator business model and scope for growth
All systems and procedures in place and full training available (if needed)
Call Marc to inspect 0412 359 907
