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Refer to Broker
Located in the heart of the town centre, this is the only pizza restaurant in a well-known tourist destination. As in the financial report 2016, the restaurant achieved over $145,000 turnover plus GST. Rent is only just over $15K p.a. A decent size kitchen, a dining area up to 30 guests, a comfortable owner's accommodation at the second storey of the building, this premise has everything you need for the start point of a good food business.
Currently, the restaurant opens only for evening trade; with proper management and some hospitality skills, it could be changed to an Italian style cafe/restaurant or any other types of dinning experience. Due to personal issues, the owner would like to put this opportunity on the market for $57,000+SAV, after spending $24,000 on refurbishment and equipment last year.
Now everything is set for the new owner. Call the listing agent today.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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