Business For Sale

SOLD – Restaurant Business For Sale Geelong - Geelong

  • Wine & condiments - 1

Property ID : B12338

Businesses Sold Price on Application - Restaurants
$988,000 pa Turnover$95,000 pa RentNew LeaseBusiness Broker – Petros Margaritis Print

This impressive restaurant business for sale opportunity offers a long-standing Italian restaurant in a bustling street in Geelong that includes both an elegant restaurant & a separate pizza takeaway shopfront.

– Ideal for an owner operator, this business was established 11 years ago by the vendor & nurtured into the profitable enterprise it has become. Great reputation & well known in the community for its contribution to its local community, the business just needs a new owner to take over & continue its success
– Made up partly of an elegant restaurant around 190m2, luxuriously fitted out with a large bar, seating for 110 (including 25 outside) & full commercial kitchen, and partly of a separate takeaway shopfront which operates independently with a 2 deck conveyor pizza oven
– Prime location in a busy shopping hub, with large street frontage & parking at the door. An abundance of traffic, both foot & vehicular passing daily as well as public transport to the door
– Combined, the businesses turn over $19k-$20k per week. The restaurant opens Monday to Saturday for lunch, shuts in between then re-opens for dinner (only dinner on Saturday), and the takeaway is open 7 days only for dinner
– The businesses are well staffed, however the vendors do work in the business. Ideal for an owner operator but could be good for an investor who is willing to set it up to run with existing staffing
– Premises are made up of 3 separate leases, total rent of approximately $95k per annum
– Website in place & outstanding reviews on customer review sites online. Fantastic reputation for quality food & value for money, take over & profit from day one.

For further information please contact Senior Business Broker Petros Margaritis on 0416 000 154.

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Agent Business Broker – Petros Margaritis

Business Broker
  • Office : 9566-7300
  • Mobile : 0416-000-154
  • Fax : 9561-4400

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