Price
$99,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Whittlesea, South Morang
Category
Food/Hospitality, Cafe/Coffee Shop
Listing #
ME02595
Currently on offer is a popular family restaurant in a spectacular commercial location. The business is located in an area experiencing high growth rates and is quickly becoming a hospitality hot spot.
*$10,000 average weekly takings
*New 5+5+5-year lease
*100 seat capacity
*40-50 pizzas ordered fortnightly by local school
Nick Kolaitis, Kristy Kolaitis and the team at LINK Melbourne are thrilled to bring to the market a laid-back, glass-walled restaurant serving a wide range of American and Italian delicacies. It has been operating since 2014, cultivating a solid reputation in the industry. The business has received many favourable reviews from satisfied customers, enabling it to be rated 4 out of 5 on Google.
The business is immaculately fitted with full bar facilities and has seating for up to 100 customers. It has a full commercial kitchen complete with a walk-in cool room, freezer and large pizza oven.
Strategically positioned, the business is on a busy main road in a homemaker’s centre. It is surrounded by key amenities, enabling it to see a high rate of passing traffic daily.
Operating the business are two full-timers, two part-timers and three casuals. The owner works full-time in the business and receives a weekly wage of $985. Purchasers desirous of working in the business may follow a similar setup.
Do not let this amazing opportunity slip away! Contact us to proceed towards the next steps of the sale process.
Listing ID: 17119
Broker: Nick Kolaitis / Kristy Kolaitis
Phone: +61 3 9819 4211 / +61 411 428 161 / +61 421 136 415
Email: [email protected] / [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.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
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