Maguires Real Estate | Mornington | South Eastern Suburbs
Maguires Real Estate | Mornington | South Eastern Suburbs
Maguires Real Estate | Mornington | South Eastern Suburbs

Thanks Albert! - What A Great Place To Build A Burger And A Business!



THIS BUSINESS IS NOW SOLD



If you live anywhere on or near the Mornington Peninsula or visit it regularly you will be giving thanks for the bar and burger phenomenon that is 'Thanks Albert', situated down the trendy foodie beach end of Main Street, Mornington.

Just over 2 years old this vibrant licensed bar and café has been delighting locals and visitors alike with its unique blend of ingredients that have produced new classics such as 'Jalapeno Poppers', the 'Avogadro's Chicken Burger' and the 'Big Bang Theory'. Take one look at their Facebook and Instagram postings and you will see the rave ratings it consistently attracts.

With a turnover well in excess of $1 million, a reasonable rent of $5,250 per calendar month (with no GST) and a lease that stretches until 2026, with an option of a further 3 years, the double-storey premises on a 314 square metre Main Street block with rear courtyard is ripe for further development.

The current owners have done the foundation work creating a busy 34 seat restaurant but now have recent permits granted to expand this into a 100 seater downstairs (including plans for a rear garden outdoor area and front footpath seating). On top of this the premises include a whole upstairs second floor which has a variety of alternative potential uses, including a 60 seat function room, leased offices, further seating for the existing restaurant or a whole new concept /business - without paying one more cent in rent!
New owners will appreciate the excellent bar and kitchen facilities purchased new by the owners only 24 months ago as well as the bright and fashionable décor of the café and welcoming glass windows and folding doors. The investment in plant and equipment alone is in excess of $150,000.

This business will suit a small family buyer, individual or franchise chain. It is in the most popular part of town which is widely considered the place to be. It is surrounded by popular eateries and fashionable retail outlets which all results in a higher level of foot traffic, even on weeknights.

So why wait - contact the agent, Alan Maguire, now to arrange an inspection with a chance to meet the owner and discuss the business. Before you know it you will also be saying 'Thanks Albert'!


Price: $185,000 + SAV. Vendors' terms may be negotiated.

For enquiries and an inspection, with an opportunity to speak to the owners, please contact Alan Maguire, Maguires Real Estate, Mornington (0418 377 038).

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