Bargain! Licensed Pizza Restaurant and Bar for Sale in Toorak

About the business

Business for Sale Victoria - Restaurant for sale Melbourne - Restaurant for sale Toorak

Welcome to an exclusive chance to acquire a fully licensed Italian restaurant located in the heart of Toorak. This remarkable establishment presents an array of enticing features, making it an ideal investment for both owner-operators and savvy investors looking to elevate their portfolio. Boasting a highly desirable location and versatile spaces, this restaurant offers the potential to transform into a trendy wine or cocktail bar, tapping into the ever-growing hospitality industry.

Key Features:
1. Revenue Potential: Currently generating weekly takings ranging from $7,000 to $10,000, this business offers substantial room for growth. The asking price is primarily based on the value of the state-of-the-art plants and equipment, with minimal goodwill factored in.

2. Liquor License: Enjoy the advantage of a full liquor license that allows operations until 1 am, maximizing revenue potential and attracting a diverse customer base.

3. Long-Term Security: Benefit from a secure lease agreement in place until 2034, ensuring stability and a solid foundation for your business endeavours.

4. Favourable Overheads: With low weekly rent of $1,531 ex GST plus outgoings, you'll maintain healthy profit margins while operating in this prime, high-foot-traffic location.

5. Ample Seating Capacity: Seating up to 82 guests, this restaurant includes a separate function room upstairs accommodating 38 patrons, as well as a fine dining area on the ground floor that caters to 44 diners. The versatile layout provides an ideal setting for any culinary concept.

6. Impressive Infrastructure: Benefit from a fully functional kitchen equipped with top-of-the-line appliances, enabling seamless food preparation and ensuring consistent high-quality dishes.

7. Expansion Potential: Currently open for dinner service six nights a week, this location presents an excellent opportunity to expand operations to include lunch, further capitalizing on the prime location and customer demand.

8. Motivated Sellers: The vendors have made the difficult decision to sell this establishment due to their focus on other businesses. This presents an opportune moment for discerning buyers to take advantage of their expertise and the exceptional potential this restaurant holds.

9. Ideal for Experienced Operators: Whether you're an experienced owner-operator seeking a thriving venture or a seasoned investor looking to capitalize on a proven concept, this business is perfectly suited to accommodate your ambitions.

10. All-Inclusive Package: The business will be sold with all equipment, allowing for a seamless transition and immediate operation. The asking price of $68,800 + Stock At Valuation is negotiable, offering a favourable opportunity for a walk-in, walk-out arrangement.

Don't miss out on this exceptional offering in the highly sought-after Toorak area. Act now to secure a lucrative investment and propel your success in the thriving hospitality industry. Contact us today to schedule a private viewing or to request further information.



EXCLUSIVE LISTING

Please contact Sam on 0423 610 444 to complete confidentiality agreement and receive more information.


Disclaimer
The financial information and statements pertaining to the aforementioned business have been prepared exclusively based on the information provided by the vendor to Business Brokers Network Australia. Consequently, Business Brokers Network Australia does not provide any guarantee as to the accuracy of said statements and financial information. Business Brokers Network Australia shall not be held liable for the veracity of such statements and financial information. In light of these circumstances, Business Brokers Network Australia strongly advises all prospective buyers of this business to obtain their own independent accounting, legal, and financial advice, as well as to conduct their own due diligence regarding the business. The image utilized is purely for illustrative purposes and serves to protect the privacy of the seller. It does not in any way depict the actual business or its products.