Price
$195,000
Profit *
Refer to Broker
Sales Revenue
$728,000
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Restaurant
Listing #
ME02405
This business is a family-owned Italian restaurant known for serving some of the best pizzas, pasta and parmigiana in the South Eastern suburbs. It is highly popular among locals and is positioned in a highly exposed location, resulting in solid operations and demand all without active marketing!
*Taking $14,000 PW
*P&E worth $250,000
*50 seats (inside and out)
*15-year lease
*Excellent margins (COG: 35%)
*Bayside, corner location
Simon Sheridan and the team at LINK Melbourne are excited to present a well-established Italian restaurant to the market.
In 2015, it was established by its current owners with the motivation to provide only the best quality dishes to its beloved patrons. As such, it has become a go-to dining spot among locals who have grown to love its gourmet pizzas and a wide variety of authentic Italian mains.
It is currently located in a busy shopping strip, nestled in a prestigious bayside suburb, surrounded by retail outlets and key amenities. It occupies a corner location exposed to a high volume of daily passing traffic and surrounded by ample street parking and public transportation stops.
Its premises are newly renovated and extensively equipped with all assets necessary for its operations, requiring no additional capital outlay from purchasers post-settlement.
Due to the strong demand for its offerings, it is supported by a team of one full-time and ten casual staff, as well as an owner-operator who is hands-on in all aspects of the business. It also offers delivery via a third-party platform, diversifying its revenue streams.
With its stellar local reputation, prominent corner site and massive potential for further growth, this business is a worthwhile investment for new or experienced operators seeking a reliable source of income.
To learn more about this incredible business opportunity, get in touch with Simon today!
Listing ID: ME02405
Vendor: Simon Sheridan
Phone: 0400 858 900
Email: [email protected]
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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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