Bella Vista - Italian Restaurant - $495,900 in owner's profits.
First opened in 1988, Bella Vista Restaurant has become one of Canberra's oldest and longest-serving restaurants.
Based on our enquiries, Bella Vista is the only exclusively Italian restaurant in the Belconnen district, Canberra's largest, with more than 90,000 residents.
Three reasons you should consider owning Bella Vista Italian restaurant:
Established and exclusive: Bella Vista has a simple, yet effective business structure. Sebastiano (the only owner) focuses on the backend operations, while a young, talented, and professional restaurant manager runs the front-of-house and business operations, managing a small, well-trained team of casuals.
The highly skilled restaurant manager is prepared to stay, subject to an agreed results-based remuneration package.
Customer satisfaction is the core goal, and the enormous, loyal returning clientele is proof of that. Currently, the kitchen is open for 31 hours per week. This allows for a consistent work/life balance.
Highly profitable: The profits are remarkable ($495,120 - 2023 financial year) and have been achieved because the owner has reached the often-sought-after balance between providing customers what they want, and maximising efficiency for the owner by capitalising on a large market and a low-rent location.
Executive-level salaries are a dream out of reach for many, but this business is here and available now. The restaurant is ideally set up for a partnership model: one works in the heart of the business (kitchen), and the other works in the soul of the business (front of house).
Simple and winning formula: The tenant holds exclusive rights to the outside dining areas, which do not fall under the various ACT government's ever-changing, demanding, and overly bureaucratic control.
Bella Vista is arguably Belconnen's most attractive dining location,
positioned alongside the shores of Belconnen's Lake Ginninderra, with broad east-facing water views.
While the business footprint is 220 sqm (plus an alfresco dining area), the commercial rent is approx. $100,000 inc GST and outgoings. The premise is licenced for a combined total of 140 patrons.
While often understated, Canberrans love the luxury of driving, and you'll find abundant car parking at the restaurant's doorstep. Evident in the accompanying video provided, there is surplus car parking associated with Bella Vista.
How to secure this business: Our office has contacted two leading financial institutions prepared to fund 50% of the purchase price (unsecured) at attractive and extended loan terms to approved future owners.
Consider the benefits of buying and owning this established and proven stellar profit performer, rather than risking your capital on a new fit-out in an unknown and untested location.
If you are interested in owning, please email sales at capitalcommercial.com.au with your full name, contact mobile stating that you are interested in owning Bella Vista.
