Price
$350,000 + SAV
Profit *
$260,000
Sales Revenue
$1,300,000
Location
Boroondara, Camberwell
Category
Food/Hospitality, Restaurant
Listing #
ME03501
This is an exceptional opportunity to acquire an Italian restaurant on a high-traffic Melbourne main road strip. Trading 6 nights per week across short evening sessions, with no delivery or third-party platform obligations, it suits an operator seeking a high-performing, low-complexity venue with genuine growth runway.
The 250 sqm premises seat 100 inside and 12 outside. The fully new fit-out includes a commercial kitchen with a double conveyor oven, walk-in cool room, and a ground-floor and upstairs bar . A liquor licence is pending grant, with immediate incremental revenue expected upon activation. Takings are growing week on week.
Revenue is derived entirely from dine-in Italian cuisine, including pizza, pasta, and restaurant-style dishes. Additional seating at the front and rear courtyard has not yet been implemented, representing unutilised capacity.
The vendor owns the building, with a purchase option available at $2,000,000.
*$1,300,000 in annual revenue with a net profit of $260,000
*5+5+5+5-year lease available to new owner
*Licensed capacity of 177
Contact Gerry Morelli today to express your interest!
Business Broker: Gerry Morelli
Ref: ME03501
Mobile: 0417 353 120
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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