Internal Ref: Collingwood se
Summary
1 of best corner bussiness in Collingwood with brand new full fit out ready to go. Big luch potential with all the offices around. Selling it for just 90 000$ Negotiable.
Rent
$1,356 pw
Location Details
1 of Best corner Cafe'/Pizza bar in Collingwood
Potential
There is also further potential through:
• Morning coffee and breakfast
• Lunch service
• Extended trading days and hours
• Takeaway
• Delivery
• Increased outdoor dining during summer
• Building on the existing evening trade
The premises is currently a ready-to-go operating pizza bar, but the substantial fit-out also provides flexibility for a new owner to continue the existing concept or introduce their own food, café or hospitality concept, subject to applicable approvals.
Hours
Open Tue–Sun, 5–10 PM. Strong potential for lunch, daytime trade, takeaway, delivery & extended hours.
Lease
Approximately 10 years remaining on the lease, subject to landlord approval for assignment.
Employees
Flexible staffing models.l.
Reason for Sale
Private reasons for sale. The owners are moving on from the business and are offering a fully fitted, established pizza bar to a new operator with the vision to grow and develop its significant potential.
About the Business
Established and fully operational pizza bar offered for sale in a prime corner position in Collingwood, Melbourne.
This is a genuine opportunity to acquire an operating hospitality business together with a substantial commercial fit-out, equipment and established premises. The venue was extensively fitted out approximately five years ago, with a total investment of around $250,000, including approximately $120,000 in equipment, $15,000 in tables and furniture, and $20,000 in parklet/outdoor seating.
The premises offer approximately 95m² internally, plus outdoor dining, with 40 indoor seats and 30 outdoor seats – 70 seats in total. The venue is fully fitted and ready to continue operating, with a Moretti Forni double-deck electric pizza oven, commercial kitchen, hospitality infrastructure and established outdoor dining area.
The lease has approximately 10 years remaining, with rent of approximately $1,356 per week plus outgoings. Assignment of the lease is subject to landlord approval.
The business has historically been focused primarily on evening trade, currently operating approximately 5:00 PM–10:00 PM, Tuesday to Sunday, with Monday closed. This provides a significant opportunity for a new owner to increase utilisation and revenue by introducing lunch and daytime trading, coffee/breakfast, takeaway, delivery and extended trading hours.
The surrounding area provides strong potential for additional daytime trade, while the outdoor seating offers further opportunity during the warmer months.
The business can continue as a pizza concept or, subject to relevant approvals, the substantial existing fit-out provides flexibility for a new owner to develop their own food, café or hospitality concept.
Asking Price: $90,000 negotiable.
Private reasons for sale. Exact street address will be provided to genuine prospective buyers. Serious enquiries by email only.
History
Established approximately five years ago, the business has built a strong presence in Collingwood as a well-equipped pizza bar. The premises underwent a substantial fit-out of approximately $250,000, creating a high-quality, fully operational hospitality venue with indoor and outdoor dining.
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