+61 3 5975 1128
+61 418 377 038
Mornington Peninsula
from Seaford to Sorrento, the south-eastern
suburbs of Melbourne and country regions

Smokin' Hot Opportunity
Busy Italian Mornington Peninsula Restaurant for Sale

If you have been looking to smoke out a great food business that combines low rent and outgoings with high turnover and potential for even bigger growth then this could be the one for you. Offered for sale for the first time this popular Rosebud restaurant is a 'smokin' hot' opportunity not to be missed.

The 200 square metre fully-equipped pizza grill restaurant is situated in an ideal position at the corner of a major Mornington Peninsula shopping centre, facing the beach with unlimited parking and main road exposure. Takings are in excess of $1,000,000 per annum with takeaway sales performing consistently during COVID-19 despite being open for dinner only during this period. Summer sales last year averaged $45,000 per week.
The business really is a 'smokin' gun' with strong evidence of its future potential for growth. Opening hours are set to expand post-lockdown to include breakfast and lunch as well as dinner and a liquor licence for dine-in and delivery is pending, which has the potential of boosting sales revenue by 30%. All this coincides with the imminent opening of a large new Woolworths store behind the restaurant on the former Target site which will be open to midnight and will attract more patrons to the venue.

Seating is currently available for 50 inside and 30 outside under a covered dining area with the potential for increased numbers once COVID-19 restrictions are lifted. Menulog, Doordash and Deliveroo are currently being used with the possibility of adding other providers in the future.

The premises have a near-new feel and include a fully-equipped stainless steel kitchen, high capacity pizza oven and huge cool room and freezer. Male, female and unisex toilets are available and a security alarm system is provided by the shopping centre as well as an extensive dry store facility.

The business is run under a licensing agreement which differs from a traditional franchise as there are no franchise fees, monthly payments, royalties or marketing fees and the owner is only obliged to purchase dry goods, bacon, flour and cheese etc. which are all at very competitive prices. It has a secure 8 year lease with another 8 year option.
This business is ideal as an owner-operated store or under management. Sale terms are negotiable and the owner will arrange training to ensure a smooth transition. The owner would prefer to continue but needs to relocate overseas for family reasons. Anyone purchasing this business for migration purposes should note that Rosebud falls within the Regional category which allows for extra incentives to overseas skilled migrants to purchase within this region.

So with all this going for it this is a smokin' hot opportunity not to be missed. Call Alan Maguire now to make a booking to inspect and discuss the business with the owner.

Price: $390,000 negotiable plus SAV
Contact: Alan Maguire, Maguires Real Estate
Phone: 0418377038

Email: alan@maguiresrealestate.com
Web: www.maguiresrealestate.com
Contact Alan Maguire for more information.
Office: (03) 5975 1128
Mobile: 0418 377 038

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