Profitable, Popular & Established Waterfront Pizza Bar - Lifestyle & Great Income/Only Operating 20 Hours Weekly
Short Summary
Lucrative opportunity with this premium Pizza Bar located in the heart of GC in the context of modern European inspired village surrounded by eateries
Key Selling Points
- Established brand
- Short hours
- Recession proof
- Low Stock requirements
- Cashflow Positive
- Strong year to year Sales
- Strong year to year Profits
- Low Rent
- Long Term Lease in place
- High Profit Margins
- 80% Repeat Work
- Best Location
- High foot traffic location
- High visibility location
- Ideal for 491 Visa
This highly profitable licensed Pizza place was established in early 2017 and the present owners took over in August 2021 and performed a refurbishment. Since then, this business has enjoyed years of savoury success and seamlessly integrated into the local community boasting robust annual sales well in excess of $550,000 operating only 20 hours per week (Wednesday to Sunday 4:00 to 8:00 pm). This pizzeria has become a local favourite, garnering a loyal customer base filled with plenty of regulars and tourists.
With its prime location at the waterfront, in the hub of tourists and loyal customer base, this business presents a compelling investment opportunity for aspiring entrepreneurs.
The current owners are actively involved in the day-to-day operations alongside a team of well-trained and experienced staff serving a menu crafted with years of culinary expertise and unique recipes, driving weekly sales (averaged $11,000) and profits to climb steadily & showcasing the business’s financial stability for a 5 half-day trade business.
The business is supported by a long lease till 2031 and a bargained rent of $800/week (inclusive O/G & GST) and the causal staff wages of approx. $1000 weekly. All equipment are unencumbered and meticulously maintained and the business is expandable to strengthen revenue and profits through more trading days or open more hours even lunch time.
Perks of the Pizzeria is that they could also if want to open morning as a coffee shop offering coffee, cakes and simple toasties. Could sublease to someone that wants to do this if not they could do themselves and then operate as a pizzeria from 4pm.
This is a Great Opportunity to buy a simple and complete Turn-Key Business, particularly suitable for 188A or 491 Visa Applicants.
Asking $295,000 + SAV (Negotiable)
Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813
Ref. no. BUY2399