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UNDER OFFER – Mr & Mrs Howell – 1P4286

Leasehold $145,000
173 Sydney Road, ,
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You’ll find the Mr & Mrs Howell on Sydney Road in the middle of the action a stones throw from the RMIT Campus. The venue is the kind of place you take people you want to impress, without looking like you’re trying to impress. Yet the restaurant just feels like a local, somewhere that everyone can enjoy, any night of the week.

Combined with the venue’s cosy, rustic-kitsch interior, Mr and Mrs Howell perfectly suit their Brunswick location. There is footpath trading for eight outside the front of the venue till midnight. Head inside through the brand new large glass doors and there is assorted seating throughout the venue. The bar is down the left side and this leads in to a well equipped open plan commercial kitchen. A well designed toilet suite is at the rear.

There are fourteen years remaining on the recently reviewed lease, made up of 4+5+5 with rent coming in at a low $1142 a week and this includes GST. Mr & Mrs Howell has a restaurant and cafe licence until 1am with a capacity of 64. The venue is excellent condition, with no equipment leases or contracts in place and an extensive asset list.

The owners have been at the venue for over five years and now wish to try their hand with other projects. Mr & Mrs Howell suits an owner operator and with such low overheads also someone that wants to take on their first venue. Everything is in place to either maintain what is there now or do your own venture. Financial information is available but perhaps does not show the whole picture. So the vendors are only looking for offers in the region of $145,000 for this exclusively listed great opportunity.

Address: 173 Sydney Road
Post Code: 3056
Country: Australia
Price: Leasehold $145,000

Lloyd Nunn

Business Broker - Bars, Cafes, Restaurants & Clubs - Melbourne CBD and inner suburbs.
0410 329 129

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