UNDER OFFER A Lucrative Italian Restaurant In A Prime CBD Location $499k (16823)

This fully licensed restaurant is an icon in Melbourne CBD, known for offering well-presented Italian fare, complemented by its warm and inviting ambience. It is highly profitable and popular among locals and tourists, perfect for an experienced operator that could prolong its long history of success.

*$55,000 in takings PW
*6-day operations
*$500,000 in P&E
*10-year lease (6 years remaining)
*Longstanding operation
*4.2/5 Google rating (based on 700+ reviews)
*350 inside, 16 outside seats

Nick and Kristy Kolaitis and the team at LINK Melbourne are thrilled to present a lucrative Italian restaurant to the market.

It is a long-established operation located in the heart of Melbourne CBD, in proximity to some of the city’s most iconic entertainment, retail and hospitality establishments.

It occupies a 2-level building, whereas each level has a commercial kitchen, bar and substantial seating capacity and is fitted with all assets necessary for its operations, which are all owned outright and will be included in the sale.

Owing to its substantial seating capacity, it has also become a sought-after function venue for intimate gatherings and large groups, diversifying its revenue streams.

You can never find a more well-loved business than this! It has benefited its lovely vendor for over two decades and is now on offer for a new experienced owner who could continue its stellar success.

Give us a call today to learn more.

Listing ID: 16823
Broker: Nick and Kristy Kolaitis
Phone: +61 3 9819 4211 / +61 411 428 161 (Nick) / +61 421 136 415 (Kristy)
Email: nick.kolaitis@linkbusiness.com.au / kristy.kolaitis@linkbusiness.com.au