Restaurant in Melbourne for sale!

Superb investment opportunity. This unique Italian restaurant is making more than $ 2,200,000 per year in a premium location WITH MINIMAL OWNERS INVOLVEMENT.

 RealWorld Business Brokers is pleased to introduce you to one of the best investment opportunities of the year in the hospitality industry. This famous Italian restaurant in the Western suburbs of Melbourne is making an expressive yearly turnover of more than $ 2,200,000 (according to latest financial statements). If you are looking for a solid business with a huge cash flow operation, look no more.

Ideal business for a savvy investor who wants to either manage this unique Italian Restaurant or have someone doing it on your behalf.

ASKING PRICE:$ 800,000.00 plus S.A.V (Stock at Valuation); or Nearest Best Offer!!

TURNOVER: $ 2,200,000 Plus (average as per latest P&L Statement)

LOCATION: Western Suburbs of Melbourne. Premium location in a busy Shopping Centre.

 ABOUT THE BUSINESS:

• Fully managed Business.
• Impressive yearly turnover of more than $2M
• Current takings of around $53,000 + pw
• B.I.T.D.A earnings in excess of 565K
• Premium location inside of a busy Shopping Centre
• Established back in 2013
• 330 total seats: 240 seats inside and 90 seats outside
• Liquor Licensed
• High growth suburb
• One of the only of its kind around the area
• Easy to replace staff
• Includes all fittings, equipment and fixtures used in the business
• Monday to Sunday operations

RENT: $ 220,000 per year + GST approximately

LEASE: 10 + 5 + 5 + 5 + 5 years (from February 2013)

STOCK: $ 50,000 approximately.

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AGENT: RAM – 0499 919 432

Ref: RBBLIR2019

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Disclaimer: Images displayed on this ad are stock images only, not picture of the actual business, its products, equipment or employees. Figures displayed reflect latest financial information provided to RealWorld by the Vendors. All numbers and information are subject to due diligence by a Potential Purchaser.