For Sale $420,000
SBX Business Brokers

View phone number

SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

VIC

For Sale $420,000

Business Details

Restaurant - Italian Cuisine - Melbourne City Fringe

\nRestaurant - Italian Cuisine - Melbourne City Fringe - Agent SBX Code Number: GVM1018

Restaurant serving Italian cuisine. - Situated on two levels with a lovely courtyard and 160 seats inside and 20 outside. - fitted with a full commercial kitchen and a wood fired oven for pizzas. Large enough to handle any size function. - Licenced

Potential
Excellent opportunity for further growth

Features
Great reputation. - Very well established for over 20 years.

Premises
Beautiful heritage building

Location
Situated in major historical area of Melbourne.

Trading Hours
7 days - Mon. to Sun. - 11.30 a.m. - 3 p.m. - 5 p.m. - 10 p.m.

Lease
3 year lease commenced 1st September, 2014. - Expires 2017 + further 3 year option from 2020

Employees
6 fulltimers + 6 casuals + 2 owners

Comments
This restaurant would make a great investment as the area is expanding with new apartment complexes being constructed not far from the restaurant - The area is renown for its restaurants and history.

Figures
Weekly Sales $17770
Rent (ex GST) $2097
Wages $3270
Profit $6380

Agent SBX Code Number: GVM1018 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
 1 of 1 photos 

Enquire

SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

Enquire about this business:

I would like to:

Tools