Transworld Business Advisors - South Yarra Phone : 0404 47 ****
Sean McBride
03 85 ****

0404 ****


AUTHENTIC PIZZA PASTA BAR PRAHRAN FOR SALE $50 K

Listing Id : 244936

Location : Victoria - Prahran -Melbourne

Category : Food, Restaurant, Takeaway Food

Asking Price : 50,000

Business description

Summary

Fully licensed Pizza take away and dining. Cosy authentic fitout with full commercial kitchen. Great rent. Strong trading/regular clientele. Cannot be faulted. Vendor finance to approved buyers.

Revenue | $650,000 pa

Rent | $80,000 pa

Potential

Further opportunity is available to extend to later trading to maximise the passing trade from the local bars etc. Very busy after-hours foot traffic ripe for capture.
Owner operator could add back a further saving on labour.
Open hatch for takeout passing trade to busy Chapel street.
Partnership to run front and back of house could greatly increase income by eliminating kitchen/ manager wages. 

 

Skills | Management and customer service skills ideally. As owner operator to maximise profit - cooking skills and Pizza making also necessary but can be provided by current owner. Cash flow management also recommended and provided by current owner upon handover.

Hours

Mon- Thursday 5-10 pm
Fri 12-3 & 5-10.30 pm
Sat 12-10.30 pm
Sun 12 - 10 pm

Lease | Until July 2**** **** plus 7 Year option

Employees

Full time: 1 x Chef, 1 x manager, 1 x Pizza maker.
Casual 4 waiters (31 hours total)
Kitchen hand 12 hours
Part time Chef x 1 (20 hours)

Reason for Sale | Current owner missing family support. Travel also an issue as current owner lives too far.

About the Business

Set in the heart of the busy Prahran district this cosy Italian pizzeria and pasta bar is a real escape from the hustle of Chapel Street.
Serving Pizzas, pastas, classic Italian desserts, coffee and drinks. Seating 96 inside and out.
With a full production kitchen including gas burners, exhaust hood, fryers and walk in cool room this kitchen is a is a chef’s dream.


• Very strong trading
• 70% regular clientele 
• Fully equipped and functional Space
• Close to tram stop and trains 
• Great rent
• Vendor finance for appropriate buyers
• Great existing staff
• Full license 11pm ( New year 3am)
• Strong social media presence 
• Nearest wood fired Pizza is Richmond

Perfect as a family business or partnership. Good starting point for first time buyers and plenty of potential for experienced hospitality business owners looking for something that can be grown fast!
This Pizza bar has enjoyed immediate success and a strong social media presence and with a full refurbishment and fit-out. It would be impossible to enter the Prahran food scene at this cost with even a basic kitchen and Restaurant let alone a customised one with top end finishes. Its success is a formula of limited ingredients, great quality- simple food and this place nails it.

For a full detailed information memorandum please contact Sean McBride at: smcbride@tworld.com.au or call**** **** .

 


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