Highly Profitable Italian Restaurant & Bar – $1.6M+ Turnover
An outstanding opportunity to acquire a beautifully presented, highly profitable Italian restaurant and bar in a sought-after location.
This well-established venue enjoys an excellent reputation for quality food, service and atmosphere, attracting a loyal customer base along with strong repeat and referral trade. With annual trading in excess of $1.6 million, this is a proven, secure and highly profitable hospitality business.
The venue is fully fitted, immaculately maintained and requires no further investment, making it ideal for an experienced operator, chef-owner or hospitality group seeking a genuine turnkey opportunity.
Offering seating for 46 patrons plus 12 bar stools and fully licensed for 68 patrons, the restaurant has a warm, stylish fit-out and an efficient layout suited to both quality dining and bar trade.
Currently trading Monday to Friday lunch from 12 noon to 3pm, Monday to Friday dinner from 5pm to 9.30pm, and Saturday & Sunday dinner only from 5pm to 9pm, the business delivers impressive returns on manageable hours, with genuine scope to further grow through expanded trading hours, functions, events and takeaway.
The lease commenced in June 2023 for a 5-year term, with 2 further 5-year options available. Current rent is $2,142.20 plus GST per week.
This is a rare chance to secure a popular and profitable Italian restaurant with strong turnover, excellent presentation, secure lease terms and outstanding future potential.
Key Features:
Annual trading in excess of $1.6 million
Highly profitable and secure business
Beautifully presented Italian restaurant and bar
Prime location with strong repeat clientele
Excellent reputation for food, service and atmosphere
Fully licensed for 68 patrons
Seating for 46 plus 12 bar stools
No further investment required
Current lease commenced June 2023
5-year lease with 2 x 5-year options
Rent: $2,142.20 + GST per week
Manageable trading hours with growth potential
Ideal for an owner-operator, chef-owner or hospitality group
A premium Italian restaurant opportunity with strong sales, excellent profits and a proven reputation.
For further information, please contact Grita Angelucci.
For more details, please email broker or call agents.
