PRICE REDUCED $190,000 WIWO
Ruby Riviera is a casual restaurant and bar located on the banks of the Yarra River in the heart of South Wharf in Melbourne. The business is located riverside in the heart of South Wharf in Melbourne within walking distance to Pan Pacific Hotel, Crown Casino, Novatel, Melbourne Convention and Exhibition Centre as well as DFO South Wharf Shopping Centre. With great foot traffic along the promenade and from the DFO shopping centre.
The venue is currently open 5 days a week from 12pm Wednesday to Sunday and is well known for its relaxed Mediterranean all day dining menu paired beautifully with a carefully curated selection of wines, beers, premium spirits, and cocktails.
The restaurant has recently undergone a full renovation and is now perfectly set up to cater for both the casual diner as well as large functions and group bookings. The venue has a riverside terrace to make the most of the stunning water views and CBD skyline all year round. The terrace is fully enclosed with an all-weather roof and sliding glass doors to keep the wind and heat at bay. The new fit out also allows the venue to offer a great range of sit down and canape function packages and can comfortably host up to 444 patrons (231 patrons inside & 213 outside) until 1am 7 days a week.
This business opportunity is the complete entertainment PACKAGE, offering a modern restaurant, function venue and bar all in one. The sales over the past 6 months have been 685k and this is just the start, with the business on track to hit over $2 million over the next 6/12 months based on its current performance. Call Marc today on 0412 359 907 to arrange an inspection of this super impressive venue.
BUSINESS HIGHLIGHTS:
- Sales of $685,000 over the past 6 months
- Forecasted sales based on current performance expected to hit over $2 million in the next 6/12 months
- Gross rent is $13,610 a month
- Secure lease in place until 2041
- Stunning 1st class fit out - recently renovated
- On premise liquor license until 1am 7 days a week.
- Can hold up to for 444 patrons (231 patrons inside & 213 outside)
- Stunning waterfront location on the banks of the Yarra
- Open Wednesday - Sunday 12pm late (closed Mon + Tues)
- All equipment fully owned and included in the sale
- Huge commercial kitchen with walk in cool room, freezers, Full POS system & walk-in keg room
- Multiple function spaces & revenue streams
- Huge scope for growth by increasing current trading hours &/or open on Sundays
Call Marc on 0412 359 907
