Iconic Pizzeria For Sale – Steps Away From The Gabba Stadium

Business For Sale Woolloongabba, Queensland 4102

Business Category Cafe and Coffee Shop

Offers from $215,000 + SAV

Description

Iconic Pizzeria For Sale – Steps Away From The Gabba Stadium

On the market for the very first time is this iconic pizzeria, a restaurant with an exceptional reputation and enviable location only steps away from Brisbane's iconic Gabba stadium, home to many great sporting events and the 2032 Summer Olympics.

Located within a busy residential and commercial zone, in a rapidly growing area there is no shortage of passing trade throughout the day and evening with great street frontage, on street visitor parking plus designated owner parking.

The business is housed in a sleek, modern, and architecturally designed building with an indoor floor size of approximately 159 square metres and a seating capacity of up to 60 people.

The interior incorporates a $400k high-end fitout providing customers with a stylish setting that seamlessly maintains a relaxed atmosphere throughout. In addition to the dining area there is a stunning marble bar with ample space to cater for customer overflow.

Having grown a loyal community following of mostly repeat customers, the venue is known for its relaxed dine-in and takeaway experience. The business has achieved steady growth in income and profit throughout Covid, and it is also safe from the Flood zones!

Customers thrive on the short electronic rotating menu board of specials such as pizzas, arancini, spiced fried corn, fried chicken, beer, and wine. As part of the sale, you will become the owner of well-kept secret recipes! The kitchen team is across the menu and the head chef will stay on for as long (or little) as you like to ensure you are a success.

The owners established the business 5 years ago and have worked within the hospitality industry for 20+ so are now seeking a career change. They are happy to be a part of a phased handover and/or provide consulting services if desired.

The sale price includes the recipes, brand, and trading name, $135k worth of supporting equipment and assets, website, and social media assets, 1,000+ email distribution list, future function bookings and supplier contacts.

There are 3.5 years remaining on the current lease as well as 2 x 3-year renewal options. The landlord is highly sought after within the area and is fully supportive of the business.

In addition, well-honed tech, safety, and operational procedures are all in place plus an experienced team of staff throughout the kitchen, front of house and bar, so you can simply owner/manage if that is your desire.
All aspects of the sale are negotiable and flexible to the buyer's needs.

* Please note that generic listing images are used for advertising purpose only and do not represent the actual business.

Lease
3.5 years remaining on a 5 year lease 2 renewal options, 3 years each

Trading Times
Thursday to Monday 5.30pm to 9.30pm

Size of Premises
159 square metres approximately

**Weekly**
Turnover (inc GST) $13,383.00
Rent $1,154.00
Wages $4,270.00
Net Profit​ $2,164.00
Contact Seller
Paul Leach

Bsale ID: 578477

GSE Business Consultants
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