- Categories: Food/Hospitality
Established in 2023, this pizza business offers delicious pizzas with solid financial performance and low overhead costs.
*Situated in a high-traffic area next to a major intersection
*Fully equipped commercial kitchen and recent renovations
*Secure lease with a term of 5+5+5 years
*Gross profit margin of 73%
*$415 rent per week
*Leverages delivery platforms such as Menulog and UberEats
Jamal Dabab, Susan Dabab and the team at LINK Melbourne are thrilled to present a well-established pizza takeaway in the north of Melbourne's Central Business District to the market.
Established in 2023, this pizza business situated north of Melbourne's central business district offers a robust financial opportunity. Generating a yearly revenue of $624,000 and consistently achieving a trial turnover of $11,000 per week, it maintains a solid financial footing with a commendable gross profit margin of 73% and a low cost of goods at 27%. Operating six nights a week from 4 pm to 10 pm, it utilises Uber and Menulog to generate additional weekly revenue of $1,250 and $300, respectively.
The business keeps its overhead costs in check by employing a small team of three casual employees and one owner. Monthly expenses include electricity, gas, council fees, water charges and building insurance, ensuring smooth operations with minimal financial strain.
Located strategically in a high-traffic area, its 140 sqm premises have a well-equipped commercial kitchen featuring essentials such as a conveyor belt pizza oven and a coolroom. Recent renovations, completed in July 2023 and totalling over $100k, enhance the space's functionality and aesthetics.
With a lease term of 5+5+5 years starting from May 1st, 2023 and a rent of only $415 per week, this business provides stability and room for growth. While specialising in four types of parmigiana, the business has untapped potential for growth through diversifying its menu offerings, such as introducing pasta and extending operating hours to maximise sales.
Listing ID: ME02884
Broker: Jamal Dabab
Phone: ---- --- ---
Email: [email protected]
Ref: ME02884
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