Price
$300,000
Profit *
$175,000
Sales Revenue
$1,170,000
Location
Mornington Peninsula & District, Hastings
Category
Food/Hospitality, Restaurant
Listing #
ME03287
Acquire a thriving Italian restaurant in the hub of Westernport with a monopoly of Italian food in the area.
This successful full-service restaurant has dominated the Hastings dining scene, capturing substantial market share with strong pasta sales and comprehensive menu offerings. With average weekly sales of $22-23k and peak summer weeks reaching $34k, the business demonstrates consistent performance while maintaining its position against limited competition from takeaway pizza operators.
The business has a state-of-the-art fitout requiring zero additional investment, featuring a large commercial kitchen, stunning interior design, coolroom facilities and a spacious front counter area. With a 125-seat capacity, three dedicated car parks and prime corner positioning near the foreshore and marina, this turnkey operation is perfectly positioned for continued growth.
*Annual revenue of $1,170,000 PA
*SDE at $175,000 PA
*Rent at $6,210 PM with a secure 5+5-year lease (commenced in 2023)
*Owner works only 3-4 days weekly with an experienced part-time manager
*125-seat capacity
*State-of-the-art fitout and commercial kitchen
*Established team: 2 full-time, 4 part-time and 3 casual staff
*Additional revenue streams through Uber Eats and Menulog delivery
Contact Nick today to taste success with this coastal dining opportunity!
Listing ID: ME03287
Broker: Nick Kolaitis
Phone: 0411 428 161
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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