About the Business

This business is a modern and highly profitable pizzeria known for its excellent Italian dishes and exciting in-store ambience and entertainment. It is easy to operate and reputable, making it a solid acquisition opportunity for new or experienced owners seeking entry into Melbourne's thriving hospitality industry.*$22,000 in takings PW*Excellent margins: COGS at 28%*$200,000 worth of P&E*Fully managed*Short hours (5-6 hours per day)*Up to 25 years lease*With rental income: $900 per week*1:00 am liquor licenseRoss Morelli and the team at LINK Melbourne are thrilled to present a highly profitable pizzeria and restaurant to the market. It is situated centrally in Brunswick East, encompassed by hospitality, service and entertainment establishments that attract high volumes of traffic daily. The current owner has secured an attractive 25-year lease for the property, enabling incoming owners to enjoy long-term security of tenure in a prime location. It occupies a spacious double-fronted shop with a full commercial kitchen, walk-in coolroom, double stone pizza oven, full bar and espresso bar. It has 135 seats inside and an outside courtyard, which could hold more seats if desired. Notably, its premises also has three apartments upstairs, which are currently rented out for $300 each per week, bringing its net rent to only $1,500. It is easy to operate and is fully managed not reliant on its current owner's involvement. It is also open only 5 hours daily, allowing lifestyle flexibility even for owner-operators. This sought-after business has been operating successfully for over two decades and still presents the potential for further growth. If you have what it takes to take it to its next level, give me a call today! For more information please contact Gerry Morelli from LINK on 0417 353 120 or [email protected]
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Timestamp: 20240312083733