Summary
An exceptional opportunity to acquire a beautifully presented, fully licensed restaurant and wine bar in one of the Mornington Peninsula's most sought-after hospitality precincts. .
Revenue
$1,300,000 pa
Rent
$120,000 pa
Expenses
$830,000 pa
Location Details
1c Albert street
Positioned in a high-exposure location with excellent foot traffic, this stylish venue has built a strong reputation with locals and visitors. The fitout is modern, warm and inviting, allowing a new owner to walk in and continue trading from day one.
Potential
The business offers multiple opportunities for future growth, including expanding private functions, corporate events, wine tastings, live entertainment, catering and seasonal experiences. There is also potential to further increase trading hours and maximise the venue's already strong position within the local market.
Skills
Suitable for owner-operators, experienced hospitality groups or investors.
Hours
wednesday - Sunday 12:00 - 22:00
Lease
5+10
Employees
5 fulltime
6 Casual
Reason for Sale
The current owners have other business commitments and are seeking a smooth transition to new owners who can continue building on the venue's success.
About the Business
Established and highly regarded, this modern Italian restaurant has become a favourite destination for both locals and visitors seeking exceptional food, warm hospitality and a relaxed dining experience.
Located in one of the Mornington Peninsula's busiest hospitality precincts, the venue offers a carefully curated menu of authentic Italian cuisine, premium wines, handcrafted cocktails and attentive service in a stylish, contemporary setting. The restaurant enjoys strong repeat patronage, excellent online reviews and a loyal customer base built over many years.
Designed for efficient operation, the business features a quality commercial kitchen, modern fit-out, indoor and outdoor dining, established systems and a skilled team, allowing a seamless transition for new ownership.
With strong foundations already in place, there remains significant opportunity to grow through expanded trading hours, private functions, weddings, corporate events, catering, live entertainment and an enhanced digital marketing strategy.
This is a rare opportunity to acquire a well-established hospitality business with a premium brand, proven trading history and outstanding potential in one of Victoria's most desirable coastal destinations.
History
Established over 14 years ago, this well-known Italian restaurant has become a much-loved part of the local dining scene and a destination for visitors to the Mornington Peninsula.
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