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Restaurant Function Centre & Bar Business For Sale

Traralgon, Victoria, Australia
Asking Price:
$1M - $5M (AUD)
Sales Revenue:
$1,820,000 (AUD)
Cash Flow:
Not applicable

Restaurant Function Centre and Bar Business For Sale is located in the heart of the Traralgon, focused on giving customers a taste of Italy. Unique and truly Italian dining experience, from delicious pizza and pastas, succulent meats, tasty risottos and more on an a-la-carte menu. Extensive menu of wood fired pizzas have been carefully created to ensure a fine balance of flavours.

Open every day from 8.00am till dinner. Dine in or take away, a casual coffee to a three course meal or delicious buffet. 25-30Kg of coffee per week.

This business is laid out perfectly with over 1,000sqm of space. Restaurant Seats 100, bottom function room seats 250 and top function room seat 120. Licensed for 750 people (11am till 1:30pm)this space is perfect setting for your event, wedding or special celebration. Rent for this amazing space is $2.651 per week with a strong lease. Free hold may also be made available to the right buyer for more information speak to the agent.

Bar and lounge
Located right next door to the Restaurant, it’s the ideal gathering place to unwind & enjoy free live music. Bar is available for private hire whether it is a sport presentation, school reunion, birthday party or engagement.

This business also offers catering and has regular work every week. This side of the business has huge potential to grow.

This business turns over approx $ 35,000 per week with huge net profits back to the owner. Owner works the business with staff. Experienced staff in place means the owner does not have to be there everyday. This business has multiple income streams and regular clients. Traded well through Covid with strong takeaway and has bounced back very strong.

If you would like to arrange an inspection for this business please contact Senior Business Broker Petros Margaritis.

Ref: B13916

Property Information

Real Estate:

Lease

Lease Terms:

5x5x5

Business Operation

Reasons for selling:

5x5x5

Trading hours:

Mon & Tues: 8:30 to 4:00pm; Wed- Sat: 8:30 to Late; Sun: 8:30-4pm.

Employees:
1 PT Owner. 5 FT, 4 PT and 7 Casual Staff
Years established:
16

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