Price
$850,000 + SAV
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Gold Coast Region, Gold Coast
Category
Food/Hospitality, Restaurant
Listing #
GC00018
Leading local Italian restaurant franchise in Australia and New Zealand
Established since 1985 in Melbourne VIC and now boasting over 25 stores.
This restaurant is located in the heart of the city, with a huge local and tourist clientele base.
Established for over 15 years in this location by the same owner.
Fully staffed and could be run under full management.
Large venue with fully equipped kitchen and bar including a seating capacity for over 120 people indoor and an outdoor undercover area.
Trading 7 days a week and fully licensed till midnight daily.
Turnover at over $1,850,000 p.a. 2023, with a great profit return.
Good long lease in place to 2027 plus 2 x 5-year option.
New franchise agreement on offer from the franchisor.
Selling due to other business commitments interstate.
REF: GC00018
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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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