BUSINESS HIGHLIGHTS:
Annual sales of $1,800,000+
Net profit of $500,000 + vendor wages of $150,000
Incredible rent at only $26,000 pa (approx.)
Short trade hours only 27 hours a week over 5 nights
Fully licenced until 11pm for up to 80 patrons
Excellent reputation & strong online presence with over 20,000 Instagram followers
Huge potential to increase trade by opening for lunch, catering & increase takeaway/deliveries
Stunning modern fit out in excellent condition
Commercial kitchen with pizza oven, cool room, canopy & large prep area
Prime location in busy area with great exposure and strong foot & car traffic
Ideal owner operator business model and scope for growth
All systems and procedures in place and full training and handover available
PRICE RANGE: $1.1 - $1.2 million
Jbb are excited to bring to the market this beautifully designed restaurant, located in the heart of Preston. This is a prime opportunity for any savvy investor or restaurateur looking to take over a well-established and well-loved dining spot with a cult like following for its incredible Italian food. The restaurant is well known for its modern, stylish fit-out with a cozy and inviting atmosphere. The interior combines contemporary décor with rustic touches, creating the perfect ambiance for casual dining, family gatherings, or intimate dinners.
The business boasts yearly sales in excess of $1.8 million, a testament to its loyal customer base and its reputation as a must-visit dining spot in the area. Even more impressive is the incredibly low rent of just $26,000 per year. With such an affordable lease, the overheads are kept to a minimum, making this restaurant highly profitable and provides the vendor with excellent cash flow all year round.
The restaurant features high-quality fittings, custom furniture, and a spacious layout that can accommodate both indoor and outdoor dining for up to 80 patrons. Every detail has been thoughtfully considered to ensure comfort and style, from the sleek bar area to the fully equipped commercial kitchen that's ready to go from day one.
Situated in an excellent corner position on a busy main road in the vibrant suburb of Preston, the business benefits from high foot traffic and strong visibility. This central location makes it easily accessible for both local residents and visitors traveling through the northeast suburbs. Preston is currently undergoing rapid development, with new residential and commercial projects boosting the local economy. This business is perfectly positioned to capitalize on this growth, with a strong customer base already in place and there is enormous potential to grow the business further. Whether expanding operating hours, offering catering services, or adding delivery options, the sky's the limit.
This is an exceptional opportunity to own a thriving restaurant in one of Melbourne's fastest-growing areas. Don't miss out on the chance to be part of the vibrant Preston community and build on the success of this exceptional restaurant.
Call Marc to inspect 0412 359 907.
