High-traffic Italian Restaurant For Sale

The business is located on a main road within a shopping strip, ensuring steady customer traffic. The lease term is 5+5+5+5 years, providing long-term stability.

*Annual $832,000 takings
*Secure 5+5+5+5 year lease
*Full commercial kitchen
*Main road location
*Spacious 330 sqm premises

This hospitality business in Southeast Melbourne derives annual takings of $832,000, with a gross profit margin of 72% and a net profit of $104,606. It is fully staff-run, with two full-time staff, two part-time staff and one casual staff member.

The premises cover 330 sqm and include a fully equipped commercial kitchen with all equipment less than two years old. The gas-powered wood oven ensures efficient operation.

The seating capacity is 141, with 105 seats indoors and 36 outdoors. The business operates six days a week from 5:00 pm to 9:00 pm and remains closed on Mondays.

Listing ID: ME03160
Broker: Ken Bouchebli
Phone: XXXXXXXXXX
Email: XXXXXXXXXX
Ref: ME03160
Timestamp: XXXXXXXXXX 3002