Italian Restaurant & Gelato Bar near Highpoint

Italian Restaurant & Gelato Bar near Highpoint — Hospitality & Tourism · Victoria · Asking $560,000 · Revenue $1,500,000+ · Net Profit $250,000

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…

DealProspect/Listings/Hospitality & Tourism

Italian Restaurant & Gelato Bar near Highpoint

Restaurant

ActiveHospitality & TourismB2C

Find funding for this deal →View original listing ↗

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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