5 days open An excellent business opportunity, a well-established burger joint in Melbourne's Northern Suburbs, is currently on offer. With a strong revenue of $650,000 per annum and a net profit of $130,000, the business operates efficiently with minimal overheads owing to its low rent and long-term lease. With the potential for further growth through opening 7 days and strategic marketing efforts, the business is poised for continued success.
*Taking $12,000 per week
*Low weekly rent: $306
*Long-term lease until 2031
*40 sqm premises
*Minimal competition
*open 5 days
*Efficient operations
Gurdeep Nagpal and the team at LINK Melbourne are thrilled to present a profitable burger joint in Melbourne's Northern Suburbs to the market.
This distinguished burger joint is an icon for its delectable burgers, deriving an impressive annual turnover of $650,000.
The business is strategically located opposite a high school, benefiting from consistent foot traffic. Its location, coupled with ample parking, ensures accessibility and visibility.
It occupies a 40 sqm venue, providing an intimate dining atmosphere for its loyal clientele.
Holding a long-term lease until 2031 and a low weekly rent of $306, the business offers the security of tenure in a prime location and favourable financial projections.
With opportunities for expansion through extended operating hours and targeted marketing strategies, this business is poised for further growth.
Contact Gurdeep today to learn more about the business.
Listing ID: ME02876
Vendor: Gurdeep Nagpal
Phone: 0455 209 729
Email: gurdeep.nagpal@linkbusiness.com.au
Ref: ME02876
Timestamp: 20240612123003
