Profitable Bayside Pizzeria. Stone Throw Away From The Beach $649,000 (16539)

Business For Sale Brighton, Victoria 3186

Business Category Restaurant Takeaway Food

$649,000

Description

Profitable Bayside Pizzeria. Stone Throw Away From The Beach $649,000 (16539)

Business Summary:

This business is presented to you by Steven Mostafa & Nadia Polzella. It is with great pleasure we present to you a bayside hospitality offering which has proven to be extremely profitable even through the toughest of times. The bayside community of Melbourne have proven their loyalty and admiration for this business through a consistent customer base of regulars and travellers from a far, all returning for the experience on offer.

This restaurant specialises in Italian cuisine, focusing on traditional pizza and pasta dishes, which allows for lower cost of goods and food expenses and results in high profitability.

Located within a busy precinct bustling with foot traffic, the business has been established for over 12 years and continues to grow. The successful Purchaser will have all recipes provided, as well as full training and support for an easy transition. All equipment has been serviced regularly and kept in state-of-the-art condition for its use and purpose.


Financial Summary:
*2022 Revenue (projected) = $1,588,290 VS EBITDA (projected) = $210,888 (6 MONTHS SEATING RESTRICTIONS)
*2021 Revenue = $1,541,722 VS EBITDA = $191,525 (COVID LOCKDOWN AFFECTED)
*2020 Revenue = $1,560,799 VS EBITDA = $207,983 (COVID LOCKDOWN AFFECTED)
*2019 Revenue = $1,700,552 VS EBITDA = $398,016
*2018 Revenue = $1.669,653 VS EBITDA= $310,515

Business Highlights:
*Established 12 years
*Current owner established the business
*Profitable for the last 8 years
*Management team in place happy to stay on board
*State of the art Pizzeria equipment
*Business has capabilities to increase savings

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Pricing Strategy:
This business opportunity has been appraised on the data of comparable sales in the Hospitality industry and can confirm that the strategy moving forward for this opportunity is as follows;
Historical Four-Year Average EBITDA = $277,009 x (multiplied by) 2.3 = Price $649,000 = 42% Return on Investment

For further details on this business please EMAIL OR TEXT either Steven Mostafa on XXXXXXXXXX or Nadia Polzella on XXXXXXXXXX with the word BAYSIDE PIZZERIA, your name and email address to receive an online confidentiality agreement. Once confidentiality agreement has been signed, business information memorandum and latest financial documentation will be sent through.
Contact Seller
Nadia Polzella

Bsale ID: 578011
Broker REF: 16539

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