A well-established and fully licensed Italian restaurant situated in a historic seaside town stands as a unique offering, being the sole licensed venue in the area. It enjoys a consistent flow of patrons throughout the year, drawing from both the local community and tourists. Recently renovated with new equipment and furnishings, this establishment is running smoothly and primed for a new proprietor to step in.
The restaurant features indoor seating for around 40 guests, complemented by an outdoor courtyard that can accommodate an additional 12 patrons. The affordable rent, totaling under $30,000 per annum, encompasses a fully furnished two-bedroom apartment connected to the back of the restaurant, suitable for short-term holiday rentals or staff/owner lodging.
As the peak seasons of spring and summer approach, now presents an opportune moment to acquire this business and conclude the transition before the bustling trading period. Valued at over $90,000+ in assets, this attractively priced business is ideal for a dedicated couple or chef seeking a promising venture.
- Asking Price:
- $185,000 (AUD) Furniture / Fixtures included
- Sales Revenue:
- Available on request
- Cash Flow:
- Available on request
Property Information
- Real Estate:
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Lease
- Lease Terms:
-
2+2
- Leasehold Rent:
-
$29,500 (AUD) per annum
- Living Accommodation:
-
A delightful 2-bedroom apartment awaits your consideration. This spacious unit boasts ample natural light, a master bedroom with an en suite bathroom, a cozy lounge, a dining area, and a well-equipped kitchenette featuring a microwave, toaster, kettle, and bar fridge. Additionally, a private courtyard embellished with a generously sized deck and BBQ facility is available for your relaxation and pleasure.
- Location:
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South Gippsland, a region of Gippsland in Victoria, Australia, is a well-watered region consisting of low, rolling hills descending to the coast in the south and the Latrobe Valley in the north.
- Premises Details:
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An idyllic seaside coastal fishing village within southern region of Central Gippsland, fronting Bass Strait and just East of Wilsons Promontory.
Business Operation
- Competition / Market:
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We are a fully licensed restaurant without any competitors in the vicinity.
- Reasons for selling:
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Other business interests
- Trading hours:
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5 - 7 Days (Seasonal) lunch and dinner
- Employees:
- 3
- Years established:
- 2 yrs
Other Information
- Support & training:
-
Two weeks training and hand over period, longer duration to be negotiated.
Head chef to remain employed by negotiation.
- Furniture / Fixtures value:
- $90,000 (AUD) - included in the asking price
