An exceptional opportunity to acquire a high-turnover Italian restaurant with a large function centre, positioned in Melbourne's North West. This business delivers strong weekly revenue and benefits from multiple income streams through dine-in service and large-scale events.
Business Overview
This well-established venue operates with a semi-managed structure and a team of 12 staff. It offers consistent trade throughout the week, with additional upside through extended trading hours and event bookings.
Financial Highlights
Weekly Takings: $50,000
Cost Structure
Cost of Goods: 2025%
Salaries: 20%
Utilities (Electricity, Gas, Water): 58%
Marketing: 58%
Other Expenses: Approx. 5%
Lease & Premises
Lease Term: 5 + 5 + 5 years
Rent: $14,630.01 per month plus outgoings
Key Features
- Function centre with capacity for up to 300 guests
- Additional income stream from events and functions and also take away Pizza shop.
- No franchise or royalty fees
- Established customer base and strong local reputation
- Opportunity to expand into breakfast and increase summer trading
Trading Hours
Winter
Monday to Wednesday: 5:00pm 10:00pm
Thursday to Sunday: 12:00pm 3:00pm and 5:00pm 10:00pm
Summer
Extended lunch and dinner service with potential for breakfast
Asking Price
$495,000
This is a rare opportunity to secure a large-format hospitality venue with strong turnover, event revenue, and clear growth potential.
