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Restaurant and Function Centre Freehold For Sale! (Our Ref: V1792)

Restaurant and Function Centre Freehold For Sale! (Our Ref: V1792)

$2,900,000 - Food/Hospitality

 Victoria  Mornington Peninsula Print this page

- Large restaurant and function centre on the picturesque Mornington Peninsula bayside!
- Very desirable and scenic location overlooking Port Phillip Bay on a huge estate!
- The large establishment features two function rooms with seating for up to 200 patrons, a sports bar, spacious alfresco dining area, an indoor playground and 2 commercial kitchens.
- The estate also includes a 3 bed, 2 bath private dwelling with a private courtyard.
- Liquor license in place until midnight facilitating up to 659 patrons inside and outside.
- Very popular function area, hosting school formals, parties, wedding receptions and more...
- Family friendly with something for the whole family including a kid's zone and live music.
- Very well-established business and widely recognised with no competition in the area.
- Reduced price from $3.4Mil to $2.9Mil due to fire damage in the main kitchen.
- Long-term tenant operating the business and residing in the private residence paying $2,000 per week on a month-month contract, willing to sign a long-term lease.
- Outstanding investment opportunity! Stunning architecturally designed building with large 3 bedroom private residence in the internationally renowned Mornington Peninsula bayside area!

**Exclusive to Paramount Business Brokers (Our Ref V1792)
**Some Images Used for Illustration Purposes Only

“The statements and financial information relating to the subject business are based solely on information supplied by the vendor to Paramount Business Brokers (Paramount) and therefore Paramount does not warrant the accuracy of such statements and financial information and specifically excludes any liability in relation to same. Paramount strongly recommends that any prospective purchaser of the business seeks its own independent legal, accounting and financial advice and conducts its own due diligence of the business.”

Business Specialist: Joshua Siow

Joshua is a dynamic, committed and driven individual. His main aim is to achieve outstanding results for his clients. Joshua is highly motivated and has the necessary skills of professionalism, integrity and a strong work ethic. Educated at the University of New South Wales, Joshua holds a business degree with majors in Taxation and Accounting. Handpicked for a special traineeship with the Australian taxation office, he worked for many years with small, medium and large enterprise. Post these years, he gained many years of business experience having developed, built, and successfully sold multiple businesses. These include a green energy company and a packaging wholesaling company. Joshua brings a high level of understanding, insight and knowledge for different types of businesses and through this brings the best results for his clients every time. Joshua is a successful person, who enjoys bringing success and helping others succeed to the best of their ability – he enjoys seeing the hard work of others get rewarded. He has now been a specialist business broker at Paramount for over Six Years. He has a beautiful family with four young children and enjoys volunteer work in his spare time.

  • Office : 03 9021 9888
  • Mobile : 0415 646 977
  • Fax : 03 8692 8635
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