Price
$349,000
Profit *
Refer to Broker
Sales Revenue
$1,250,000
Location
Bayside - Melbourne, Highett
Category
Food/Hospitality, Takeaway Food
Listing #
ME03476
This is an exceptional opportunity to acquire a fully managed pizza and bar restaurant generating $1.25M while operating just six nights a week, five hours per night!
The 200 sqm premises feature a woodfire pizza oven, full commercial kitchen, walk-in cool room, prep area, dry store, and espresso machine. Its open-fronted street windows create an inviting, welcoming atmosphere that draws foot traffic naturally.
Positioned on a high-exposure corner of a busy shopping strip directly opposite a railway station, the location benefits from exceptional foot traffic, strong passing vehicle exposure, and a loyal suburban customer base. With a long lease in place, security of tenure in one of Melbourne's sought-after bayside suburbs is presented.
*Revenue $1,250,000
*Net profit $130,000 , owner operator will greatly increase profits.
*Operating only six nights per week at just five hours per service
*5+5+5 years lease; rent $5,416 per month
*Fully under management with a salaried manager and three full-time staff plus casuals in place
*200 sqm corner premises in a high-traffic shopping strip; opposite a railway station
Fully managed venues of this quality and location are rarely available at this price! Contact Nick today!
Business Brokers: Nick Kolaitis
Ref: ME03476
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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