Listing Number: 32457-471492
PRICE: $ E.O.I
WIWO | Rent $50,000 pa | $960 pw
OWNERS EARNINGS / NET PROFIT: $ confidential
Authentic and well-established Restaurant located in city fringe area. The business boasts a beautiful dining room, full commercial kitchen and stands out from the cookie cutter tenancies a plenty. Pure charm.
The business is ideally located and easily accessible being situated at the edge of the CBD. The location is well serviced by a variety of public transport.
Trendy, affluent area with a good mix of families, ‘hipsters’ and professionals alike. High density area with further development of 12 storey apartments close by. On a main road at an intersection with tens of thousands of commuters passing and stopping daily, yet 10 metres away you have a pure taste of Italy in all its charm.
Tram stops at the front door. Ample parking with no restrictions after 6pm.
About the Business| Owners contribution
One of Melbourne’s oldest Italian Eateries, this business has been operating for 33 years now with little to no marketing. Current owner for 15 years and long-standing neighbours of 15 years show the strength of this location.
Owner is ready to retire and as such this is an ideal opportunity for an operator to reap from the current unique design, great lease terms, license, location and very functional/user friendly set-up.
Catering for Weddings, anniversaries, family gatherings and christenings-from local church, and regular loyal dining clientele, who all savour the feeling this unique venue brings to those who experiences the ‘time out and trip to the old country’ that cannot be fabricated overnight.
The kitchen is conveniently located, well-proportioned and fully fitted with:
• Commercial Hobart dishwasher
• Walk-in cool room
• Air conditioning
• Male and female toilets
• 10 Burner Gas stove
• Deep Fryer
• Pizza oven
• Double sinks
• Full stainless appliances, shelving and work benches
• Ample cutlery, glass & crockery (Italian made) catering equipment-trays etc, Pizza dough maker, commercial food processor, microwave. Clothes washer.
• Ample storage
Fully functional Bar area and under bench refrigeration. Point of sale and music system. High quality and heavy-duty Hardwood tables and chairs, again a feature forgotten in most ‘pop up’ canteen style establishments. Acoustics in dining room another feature that stand out here.
New lease available 3+5+5 Year options
7 day if desired- Currently 6 days, dinner only.
Staff Management, Customer Service, Stock Buying, Cooking, Business admin.
4 weeks at minimum and further if required. The owner is keen to see this Restaurant continue in its success and is happy to train accordingly.
Sunday- Thursday | Chef owner plus: One waiter 3 hrs per night, one kitchenhand 3 hours per night.
Friday- Saturday | Chef owner plus: Two waiters 4.5 hrs per night, one kitchenhand 3 hours per night. One dishwasher 4 hours per night
With little to no marketing this business has enabled the current owner a very successful lifestyle for many years. A beautiful home, private education for his kids and having arrived from Italy with nothing what so ever is a testament alone to the potential this venue holds.
Addition of online sales currently not being utilized- Deliveroo etc, letter drops and a boost in social media and SEO could take this piece of Melbourne history into the next phase of its long life.
The rustic charm of this Restaurant has never truly been publicised and it has survived on word of mouth. In this current age there is ample opportunity to reach further audiences who could also savour this piece of Italy also.
Furthermore, this venue would suit also a Mexican or any fusion style cuisine that values natural timber and charm over plaster board and down lights.
Reason for Sale
15-year trading history.
Keen vendor, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.
- Price: $70,000
- Down Payment: TBD
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Inventory: $0
- FF&E: $0
- Reason for Selling: Retiring
- Category: Restaurants