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Restaurant - Italian Cuisine - Pizza - Restaurant - Italian Cuisine - Very Well Known - Victoria North - Bargain For Sale

Wodonga, Victoria, Australia
Asking Price:
$349,000 (AUD)
Sales Revenue:
$988,000 (AUD)
Cash Flow:
$482,040 (AUD)

Restaurant serving traditional Italian cuisine including a wide variety of fresh home made pasta, tender veal dishes, pizza, and their famous fish dish - A wide variety of boutique local wines to accompany the delicious meals and pizzas. - 110 seats inside - 70 seats outside - 2 gas pizza ovens - 3 cool rooms.

Potential
Huge demand for breakfast and lunch which would double the weekly takings - . Make use of the rustic room at back by converting some of storage area into a distillery / brewery. - The addition of a piano to make the bar area a cocktail bar.

Features
Large separate dining areas - Traditional popular restaurant which is constantly booked out. -Well established and well known.

Premises
Large glass frontage facing both main roads with 4 separate dining areas, large function area for group bookings and corporate gatherings and an area of 450 sq. mts.

Location
Situated on the corner of the main intersection of town linking 2 main roads in and out of town in Victoria North.

Trading Hours
5 days - Tues. - Sat. - 5 p.m. - 10 p.m.

Lease
5 + 5 + 5 year lease commenced Nov. 2019 - 1 month bond - CPI increases.

Employees
2 owners + 6 casuals

Comments

Property Information

Location:

Situated on the corner of the main intersection of town linking 2 main roads in and out of town in Victoria North.

Business Operation

Expansion Potential:

Huge demand for breakfast and lunch which would double the weekly takings - . Make use of the rustic room at back by converting some of storage area into a distillery / brewery. - The addition of a piano to make the bar area a cocktail bar.

Trading hours:

5 days - Tues. - Sat. - 5 p.m. - 10 p.m.

Employees:
2 owners + 6 casuals
Years established:
2013

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