Price
$159,000
Profit *
Refer to Broker
Sales Revenue
$884,000
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Restaurant
Listing #
ME02331
This business is a highly regarded Italian restaurant known for its traditional wood-fired and homemade-style pizzas. It has been operating successfully for three years and is experiencing continued demand growth, especially amid the COVID-19 pandemic. It is fully set up for operations, backed by a reliable team and ready to drive revenue from day one!
*Taking $16,500 PW
*Substantial delivery sales
*Full team in place
*Cheap rent ($592 PW)
*P&E valued at $100,000
*4.7/5 on Google (based on 160+ reviews)
*Short hours
*Sells 800+ pizzas PW
Con Tsonis and the team at LINK Melbourne are proud to present a highly profitable Italian pizza restaurant to the market.
It is positioned in a busy, high-exposure shopping strip surrounded by other hospitality and retail establishments that drive heavy traffic to the area. Plenty of public parking is also available out front, providing customers ease of access to its products and premises.
While it is mainly a takeaway business, its Italy-themed shop has seats for customers desirous of eating in. Between its takeaway, delivery and eat-in service, it sells around 800 pizzas per week. Moreover, it also offers packaged products, diversifying its revenue streams.
Its premises are extensively equipped with freezers, fridges, fryers, microwaves and dough machines, among other vital plant and equipment required for its operations. The Vendor also owns a wood fire oven mounted on a trailer for catering, which could be acquired separately if the Purchasers so desires.
Currently on offer is a lucrative business that requires minimal marketing improvement to grow further. It is well-established and has a loyal local following, making it the perfect investment for new or experienced operators.
If you're seeking an affordable business with tremendous potential for further growth, this business is perfect for you! Give me a call today to schedule an inspection ASAP.
Listing ID: ME02331
Broker: Con Tsonis
Phone: +61 3 9819 4211 / +61 411 744 466
Email: [email protected]
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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