Restaurants For Sale in Ascot Vale Melbourne VIC

Italian Pizzeria, with Strong T/O in Prime Ascot Vale Location! (Our Ref: V2118)

Advert Id: 399798, Sellers Ref: (1P0555)
  • Location: Ascot Vale, Melbourne, Victoria
  • Category:Restaurant, Food, Takeaway Food
  • Asking Price:$120,000
  • 120000
  • Sales revenue :Undisclosed
  • Net profit :Undisclosed
  • Furniture/Fixtures value :Undisclosed
  • Inventory/Stock value : Undisclosed

Business description

- Established Italian restaurant offering authentic modern Neapolitan pizza, pasta and antipasti.
- Prime Union Road location surrounded by established residential and commercial precinct.
- Stylish fit-out creating an inviting atmosphere for dine-in customers and functions.
- Current weekly takings approximately $8,000-$10,000 per week, presenting an established revenue base.
- Weekly rent of approximately $1,600, supporting attractive ongoing business overheads.
- Secure lease with terms to extend through to 2041, providing confidence for the incoming purchaser.
- Specialises in wood-fired Neapolitan pizzas using traditional preparation and quality ingredients.
- Diverse menu complemented by cocktails, Italian wines, beers and aperitivo offerings.
- Strong opportunity to further develop private functions, catering and takeaway revenue.
- Existing private catering offering provides an additional avenue for business growth.
- Operates predominantly evenings, allowing potential expansion through additional trading hours.
- Excellent opportunity for an experienced hospitality operator seeking an established turnkey business.

**Exclusive to Paramount Business Brokers (Our Ref: V2118)
**Some Images Used for Illustration Purposes Only

"The statements and financial information relating to the subject business are based solely on information supplied by the vendor to Paramount Business Brokers (Paramount) and therefore Paramount does not warrant the accuracy of such statements and financial information and specifically excludes any liability in relation to same. Paramount strongly recommends that any prospective purchaser of the business seeks its own independent legal, accounting and financial advice and conducts its own due diligence of the business."

Paramount Business Brokers

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