Italian Restaurant & Gelato Bar near Highpoint
Restaurant
ActiveHospitality & TourismB2C
Asking price
$560,000
Disclosed · AUD
Revenue
$1,500,000+
TTM
Net Profit
$250,000
Implied multiple
2.2×
asking / earnings
Brief
- Well-loved Italian brand with over 20 years of family ownership
- Secure 20-year lease in place at rent approx. $8,000 incl GST per month
- Licensed for 120 patrons until 1am with two liquor licences (on-premise + takeaway)
- Modern fit-out with significant capital contributions
- Fully equipped commercial kitchen plus extensive plant and equipment
- Open-plan dining across two levels, ideal for functions
- Gelato bar, drive-through and takeaway section
- On-site staff and customer parking
- Located moments from Highpoint Shopping Centre
- Occupies a converted former army gymnasium
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