Price
$1,700,000 + SAV
Profit *
$766,059
Sales Revenue
$4,826,104
Location
Mornington Peninsula & District, Mornington
Category
Food/Hospitality, Restaurant
Listing #
ME03474
This is an exceptional opportunity to acquire a high-performing Italian restaurant franchise operating fully under management in one of Victoria's most sought-after coastal lifestyle destinations.
Part of a recognised national franchise network, the business occupies a prominent two-level corner venue on Mornington's main street retail and dining strip, approximately 45 to 60 minutes from Melbourne's CBD.
The venue draws a consistent mix of locals, weekend visitors and tourists year-round, supported by the area's strong appeal as a coastal destination known for its beaches, wineries and thriving hospitality scene. The fit-out is exceptional in scale and quality across two levels, featuring two fully equipped commercial kitchens, three authentic wood-fired pizza ovens, two fully fitted premium bar areas, large indoor and outdoor dining zones across both levels, walk-in cool rooms and freezers, and Rational combi ovens throughout.
*Annual revenue $4,826,104
*EBITDA $766,059
*10-year lease commenced in March 2020 with 2×5-year options
*52 staff across full-time, part-time and casual roles
Contact Nick Kolaitis today to learn more about this outstanding franchise acquisition opportunity!
Business Broker: Nick Kolaitis
Ref: ME03474
Mobile: 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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