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Onda Bar & Eatery - 1P5021

Business for Sale
Richmond VIC

People who sigh and say Bridge Rd is dead should really take another look at the street and more importantly at Onda and the surrounding area.

Price Leasehold $165,000

Onda Bar & Eatery - 1P5021

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
You'll find the restaurant just off the junction of Bridge Road and Church Street. The venue is well established and the decor in such good condition that everything looks almost new.

Out on Bridge Road there is footpath trading for twelve. And the council have just granted permission to close Waterloo Place, the street to the side of the venue and pedestrianise it to accommodate chairs and tables for 32 diners. This is a game changer in the present environment. Then heading in to the venue there are floor to ceiling windows, wooden furniture custom made in Bali, and beachy tones of azure, teal and pastel pink throughout. The centrepiece is a flowing blue couch, carving an "S" down the centre of the eatery, capturing the essence of an eponymous wave. A large mural of linked flowers on one wall is by local artist Emily Ingham. The green and leafy mural on the pastel-pink wall bar at the back of the venue conjures up jungle-beach vibes. Behind the bar is a large, well equipped commercial kitchen.

Onda has seven years left on the lease made up of 1+6 with another term negotiable upon transfer. Rent comes in at a well priced $1550 a week including GST. It has a restaurant and cafe licence until midnight with a capacity of 48 inside. The venue is in excellent condition with all fixtures and fittings included in the sale with no equipment or supplier contracts in place.

Onda suits an owner operator that wants to take on an established restaurant but perhaps add their own style to the place. There are a good set of books showing a well organised venue with low overheads and a healthy profit. With the recent reduction in Covid 19 restrictions the venue has been going extremely well and so the vendors have set the purchase price at $165,000 for this exclusively listed venue.

Contact Seller

Contact: Lloyd Nunn
Phone: 1300 767 802
Mobile: 0410 329 129

Bsale ID: 275165
Agent ID: 1P5021

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