MUST SEE! This is a unique chance to own an authentic Italian restaurant, located in one of Melbourne’s most exclusive beach side suburbs, only minutes from the CBD. Perfectly positioned on the corner of a busy main road in Albert Park, this business is surrounded by retail outlets, key amenities, and hundreds of residential properties. With a primary school close by, public transport at it’s door, and the beach only stone throws away, the business experiences huge rates of foot traffic daily and is extremely popular among locals.
The beautiful 200sqm premises has been immaculately equipped and fitted to include a full commercial kitchen, conveyor pizza oven, a large storage space, and seating for 100 inside and outside, all while oozing a traditional welcoming Italian feel.
After being closed for 4 moths for renovations costing in excess of $100,000, this business is ready and waiting for a fresh new owner to come in and take it to the next level.
Key features include:
*Taking $8,000 per week
*High exposure corner location in an affluent suburb
*Beautiful Italian inspired fit out
*Affordable rent at $1,500 per wee
*Loyal local customers returning on a regular basis
*Seats 65 inside & 35 outside
*Liquor licence until 11:00 pm
*Open 5 days per week, closed Monday & Tuesday
*Nights only, 5pm-9:30pm
For more information please contact Gerry Morelli from LINK on the below:
Phone: 0417 353 120
*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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