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Renowned Italian Restaurant Tkg approx. $45k per week. (Our Ref: V1683)

Renowned Italian Restaurant Tkg approx. $45k per week. (Our Ref: V1683)

Available Now $749,000 - Food/Hospitality

 Victoria  East Print this page

- Since Oct 28th, takings were $46k and $54k respectively, takings expected to increase as restrictions ease.
- Popular 7 day family cafe/restaurant in the far east with enviable t/o circa $2.3mil 'pre-COVID'
- Proven track record, currently run under semi-management, ideal for owner/operator
- Long and secure lease of 5+5+5+5 with reasonable rent and favourable landlord.
- Multi-faceted venue with two dining rooms, fully set up function room and ambient alfresco dining.
- Total seating capacity of 300 pax with liquor licence in place until 11pm (for 250 pax).
- Delicious and diverse Italian and Australian menu serving lunch/dinner to regular clientele
- Breakfast on weekends only from 10am, potential to increase through the week and open earlier.
- Large fully set up commercial kitchen, walk in coolroom and pizza oven..
- Popular venue with a solid reputation throughout the area with widespread/loyal customer base.
- Great virtual presence with over 1,400 followers on Facebook and 2,500 on Instagram.
- Currently offering takeaway and delivery only during COVID-19 lock down.
- Order via website or delivery available through Uber Eats, Menulog and Deliveroo.
- Great location, opposite train station in the heart of the East with abundant car parking
- Main road exposure, situated amongst thriving local community shopping centre
- Surrounded by both a residential and commercial demographic
- Potential to increase functions once restrictions are lifted...
- Enquire for more details on this outstanding opportunity!

**Exclusive to Paramount Business Brokers (Our Ref V1683)
**Some Images Used for Illustration Purposes Only

“The statements and financial information relating to the subject business are based solely on information supplied by the vendor to Paramount Business Brokers (Paramount) and therefore Paramount does not warrant the accuracy of such statements and financial information and specifically excludes any liability in relation to same. Paramount strongly recommends that any prospective purchaser of the business seeks its own independent legal, accounting and financial advice and conducts its own due diligence of the business.”

Business Specialist: Chris DeMarte

Chris has enjoyed a successful 15-year career in hospitality, which included owning and managing cafes, restaurants, bars, gourmet food stores, corporate and private catering businesses. Also takes into account ten years working as a qualified chef. After three years as a Business Broker with Paramount Business Brokers, Chris has the advantage of using his extensive business experience to help his clients. His day-to-day knowledge of running a business combined with his strong work ethic, dynamic leadership skills and strategic execution experience has helped many of his clients. He is passionate about helping business owners sell their business in the right way, for the right price – while maintaining the goodwill of the business. From experience, he understands that pride and emotion are strong factors when you own a business, which is why Chris handles each business sale with the care, empathy and respect that the business deserves. Chris further adds value to his clients with his coursework and practical knowledge in small business marketing, small business management and bookkeeping. What’s more, for the past seven years, Chris has focused on significant coffee establishments by providing business and management skills to the teams. This has resulted in the businesses achieving high growth, engaged team members and excellent customer satisfaction. Due to Chris’ solid reputation within the hospitality industry, he has successfully built a strong network of professional relationships based on integrity, honesty, respect for others and meticulous attention to detail. To find out how Chris can help sell your business, book a free no-obligation consultation by calling Chris on 0401 691 184 or email him at

  • Office : 03 9021 9888
  • Mobile : 0401 691 184
  • Fax : 03 8692 8635
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