Portofino Napier - Italian Restaurant

Portofino Napier - Italian Restaurant — Food & Beverage · Napier · Asking $185,000

Franchised Italian restaurant in Napier, trading from the same Clive Square premises since 2017 95-seat venue — 83 seats indoors and 12 outdoors, with an outdoor dining licence used in warmer months Clive Square has recently been refurbished Two working owners fill the head chef and pizza chef roles, supported by four front-of-house staff Lease runs to 3 January 2029; the buyer needs franchisor…

DealProspect/Listings/Food & Beverage

Portofino Napier - Italian Restaurant

Restaurant

ActiveFood & BeverageHawke's BayB2C

Find funding for this deal →View original listing ↗

Asking price

$185,000

Disclosed · NZD

Revenue (est.)

~$605,961

Estimated · comparable listings of this type and size · typically within ±30%

Earnings (est.)

~$119,286

Estimated · comparable listings of this type and size · typically within ±35%

Typical multiple

~1.6×

comparable listings of this type and size · typically within ±35%

Brief

Franchised Italian restaurant in Napier, trading from the same Clive Square premises since 2017
95-seat venue — 83 seats indoors and 12 outdoors, with an outdoor dining licence used in warmer months
Clive Square has recently been refurbished
Two working owners fill the head chef and pizza chef roles, supported by four front-of-house staff
Lease runs to 3 January 2029; the buyer needs franchisor approval and signs a new franchise agreement
Franchise brings supplier margins plus menu and product support
Growth available in functions, which current staffing turns away, and in wider promotion
The two chefs and two family-held roles leave on sale, so four roles need recruiting

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