Italian Restaurant for Sale (with Great Growth Potential)
Huge price reduction $60,000
50% Trade Component
AU$30,000 (Cash) | AU$30,000 (Trade)
616 Nicholson St, Fitzroy North, VIC 3105, Australia
- Taking $7,000 - 8000 pw
- Nicholson Street, Fitzroy
- Trading 6 nights (6-11)
- Rent $1,000 pw
- Lease 13 years
- Seats 80 in / 6 out
- Licensed premises
- Large well equipped venue
- Area in excess of 200 sqm
- Full commercial kitchen
- Established since 1986
- Functions catered for the local community
- 200 apartments nearby with potential for takeaway
- Excellent reviews online
- Can convert to any food usage
- Great cafe opportunity
Me and my family have been running this restaurant for over 11 years.
We've built a loyal clientele but my parents are getting too old to run this restaurant for much longer.
I remember when we started it, we had no idea what we were getting ourselves into.
But after 11 years, we can look back and call ourselves a successful immigrant family.
Materialistically, we now have 4 Mercedes Benz and a 1.8 million dollar house in the Eastern Suburbs.
But beyond that, this restaurant had given us the freedom to live our life on our terms and settle in Australia.
We are only open for dinner 6 nights a week.
Anyone taking over this restaurant, can multiply the sales that we were able to generate.
Any person or family overtaking our restaurant, we'd be happy to train you with all the ins and outs of the business!
Text me on 0404 286 888 to set up an inspection. Would be happy to give you a tour and have a chat.
If you have a general enquiry about 616 Nicholson St, Fitzroy North, VIC 3105, Australia, would like further information about this property or to arrange an inspection, please complete the form below: