Price
$349,000
Profit *
$234,000
Sales Revenue
$1,120,000
Location
Melbourne Region, Melbourne
Category
Food/Hospitality, Restaurant
Listing #
ME03143
Located in a busy and renowned suburb of the City of Port Phillip, this business serves Neapolitan-style pizzas, various kinds of pasta, a curated wine selection and more.
The is ideal opportunity for owner-operators seeking to acquire a turnkey operation with massive growth potential.
*$1,120,000 in Revenue (FY 2024)
*$234,000 in Net Profit (FY 2024)
*Affordable rent at $1,570 per week
*Long lease
*Operates six days a week
*Multiple growth opportunities
*4.3 Google rating review
Available for acquisition is a local favourite Italian restaurant with takeaway known for its Neapolitan-style pizzas, pasta and curated selection of wines. The business operates six days a week, cultivating a loyal customer base among locals and Italian customers. It is strategically positioned along the main street with plenty of foot traffic and is within walking distance from the local park, public transportation, beach and more.
The business offers seating for 65 indoors (over 2 levels) and 15 outdoors. Upstairs features a private bar and dining area, making it perfect for functions and events. The business is equipped with a full commercial kitchen, including brand-new appliances such as ovens, fridges, and freezers. While the business already enjoys a strong reputation, there is significant potential for further growth by extending operating hours (offering breakfast, lunch, and seven-day service), and adding a second pizza maker. This is an amazing opportunity for an owner-operator, family business, visa purposes or a savvy investor wanting to operate the business under management.
Contact Walter today and start your own successful business!
Listing ID: ME03143
Broker: Walter Beauvais
Phone: 0460 301 983
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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