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Food Related Businesses For Sale in Fitzroy North Melbourne VIC

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Italian Rst For Sale 33 Years Est Nrt Fitzroy E.0.i

Location:Fitzroy North, Melbourne, Victoria

Category:Food, Functions, Restaurant

Asking Price:$70,000

70000

  • Sales revenue : $300,000
  • Net profit : Undisclosed
  • Furniture/Fixtures value : $120,000
  • Inventory/Stock value : Undisclosed
  • Italian Rst For Sale 33 Years Est  Nrt Fitzroy E.0.i
  • Italian Rst For Sale 33 Years Est  Nrt Fitzroy E.0.i
  • Italian Rst For Sale 33 Years Est  Nrt Fitzroy E.0.i
  • Italian Rst For Sale 33 Years Est  Nrt Fitzroy E.0.i
  • Italian Rst For Sale 33 Years Est  Nrt Fitzroy E.0.i

Business description

About the Business| Owners contribution

Fully Licensed, one of Melbourne’s oldest Italian Eateries, this 90-seater Restaurant has been operating for 33 years now with little to no marketing. Current owner for 15 years and long-standing neighbours of 15 years also show the strength of this location.



Owner is ready to retire and as such this is an ideal opportunity for an operator to reap from the current unique design, great lease terms, license, location and very functional/user friendly set-up.



Catering for Weddings, anniversaries, family gatherings and christenings-from local church, and regular loyal dining clientele, who all savour the feeling this unique venue brings to those who have experienced the ‘time out to the old country’. 



Ideal for special occasions and functions.

The kitchen is conveniently located, well-proportioned and fully fitted with:



• Commercial Hobart dishwasher

• Walk-in cool room

• 10 Burner Gas stove

• Grill-plate

• Deep Fryer

• Pizza oven

• Freezers

• Double sinks

• Refrigeration

• Full stainless appliances, shelving and work benches

• Ample cutlery, glass & crockery (Italian made) catering equipment-trays etc, Pizza dough maker, commercial food processor, microwave. Clothes washer.

• Ample storage

Fully functional Bar area and under bench refrigeration. Point of sale and music system. High quality and heavy-duty Hardwood tables and chairs, again a feature forgotten in most ‘pop up’ canteen style establishments. Acoustics in dining room another feature that stand out here.



• Air conditioning

• Male and female toilets 

Revenue | $300,000 PA

Rent | $1250 pw

Potential

Addition of online sales currently not being utilized- Deliveroo etc, letter drops and a boost in social media and SEO could take this piece of Melbourne history into the next phase of its long life.

The rustic charm of this Restaurant has never truly been publicised and it has survived on word of mouth. In this current age there is ample opportunity to reach further audiences who could also savour this slice of Italian charm.

Catering, Catering and more catering. This venue is highly sought after for functions. Clients love the rustic décor that photograph so well and form memories hard to replicate elsewhere.

This venue would suit any fusion style cuisine that values natural timber and charm over plaster board and down lights.

Skills | Staff Management, Customer Service, Cooking, Basic business admin.

Hours | 7 day if desired- Currently 6 days, dinner only.

Lease | New lease available- 3+5+5 Year options

Employees

Sunday- Thursday | Chef owner plus: One waiter 3 hrs per night, one kitchenhand 3 hours per night.



Friday- Saturday | Chef owner plus: Two waiters 4.5 hrs per night, one kitchenhand 3 hours per night. One dishwasher 4 hours per night

Reason for Sale | Retirement

About the Business

Location Details

The business is ideally located and easily accessible being situated at the edge of the CBD. The location is well serviced by a variety of public transport. 



Trendy, affluent area with a good mix of families, ‘hipsters’ and professionals alike. High density area with further development of 12 storey apartments close by. Located on busy main road, at intersection with tens of thousands of commuters passing and stopping daily, yet 10 metres away you have a pure taste of an Italian village, in all its charm.



Tram stops at the front door. Ample parking with no restrictions after 6pm

History | 15-year trading history.

Keen vendor, genuine buyers are encouraged to Contact Sean McBride on [Phone Number Censored] for a full Information Memorandum.

 

 

Other Information

    Transworld Business Advisors - South Yarra
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