1st Class Italian Restaurant With Freehold Option

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Western Australia

$895,000 + S.A.V Approx $200,000

Key Features

AI generated. Contact seller to confirm.

Central location attracting clients from across Perth
Upscale Italian dining with extensive wine list
Private function room at rear of premises
Immaculate fitout with marble and state‑of‑the‑art systems
20 year lease with 4x5 year options available
Freehold purchase option available at $2,500,000

Turnover: $50,000 per week
Net Profit: Not disclosed
Rent/Lease: $12,500 per month
Stock Value: $200,000
Established: Same owner for many years (long-established)

Business Details

Business Category Restaurant

- STUNNING INTERNAL FITOUT PURPOSE BUILT WITH FLAIR AND VISION BY EXPERIENCED RESTAURANTEUR

- CENTRAL LOCATION WITH DIVERSE CLIENT BASE COMING FROM ALL OVER PERTH

- UP SCALE PRESENTATION VIBE AND DÉCOR SURE TO IMPRESS

- WELL KNOWN FOR QUALITY ITALIAN FOOD AND WINE

- HOLLYWOOD BAR, BEAUTIFUL USE OF MARBLE, STATE OF THE ART AIR CONDITIONER, LIGHTING AND FURNISHINGS THROUGHOUT

- BI FOLD GLASS FRONTAGE GIVING A NICE AMBIENCE WHEN WEATHER PERMITS

- PRIVATE FUNCTION ROOM AT THE REAR OF PREMISES

- VERY STRONG TRACK RECORD OF CONSISTENT FINANCIAL PERFORMANCE

- EXTENSIVE WINE LIST WITH STRONG MARGINS

- COMMITTED AND EXPERIENCED TEAM OF CHEFS AND WAITSTAFF IN PLACE OVERSEEN BY SINGLE OWNER OPERATOR

- RESTAURANT LIQUOR LICENSE

- 20 YEAR LEASE (4 X 5 YEAR OPTIONS) AVAILABLE AT STARTING RENT OF $12,500 PER MONTH PLUS GST PLUS OGS

- FREE HOLD OPTION TO PURCHASE @$2,500,000

- SAME OWNER FOR MANY YEARS NOW RETIRING AFTER LENGTHY RESTAURANT CAREER

- IMMACULATE PRESENTATION AND RAVING ONLINE REVIEWS ON ALL PORTALS

- TRADING LUNCH AND DINNER 6 DAYS PER WEEK

- REVENUE APPROX $50,000 PER WEEK AND GROWING

- MAGNIFICENT OPPORTUNITY!

TOTAL ASKING PRICE: $1,095,000

PROPERTY PRICE: $2,500,000

PRICE: $895,000 PLUS STOCK OF APPROX $200,000

EXCLUSIVE SELLING AGENT: JONATHON PARKER - XXXXXXXXXX XXXXXXXXXX

IF YOU WOULD LIKE TO RECEIVE FURTHER INFORMATION ON THIS BUSINESS, SIMPLY COMPLETE AN ONLINE ENQUIRY WITH YOUR DETAILS. A CONFIDENTIALITY AGREEMENT WILL BE SENT TO YOU (IF YOU HAVE NOT COMPLETED ONE WITH PLATINUM BUSINESS SALES BEFORE) AND ONCE COMPLETED AND RETURNED, A DETAILED INFORMATION MEMORANDUM WILL BE FORWARDED FOR YOUR PERUSAL AND CONSIDERATION.

PLATINUM BUSINESS SALES

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IF YOU WOULD LIKE AN UP-TO-DATE MARKET APPRAISAL OF YOUR BUSINESS, PLEASE DO NOT HESITATE TO CONTACT JONATHON PARKER ON XXXXXXXXXX XXXXXXXXXX

PERTH'S PREMIER HOSPITALITY AND RETAIL BUSINESS BROKERS

Property Code: 470