Active Food & Hospitality Ref: PGBB-2301001

Italian Restaurant Serving Pasta And Pizza In The Busy Dining Hub Of Richmond

Richmond, VIC

Took over 4 years ago, this Italian-style restaurant serves pasta and pizza in the best and busy side of Richmond, with ideal proximity to trams, the MCG, and Melbourne Park, generating impressive takings during matches and events. The operation features a well-equipped kitchen with pizza oven, cool room, and freezer. The dining space accommodates 50 guests inside and up to 12 outside, with a separate pizza prep section. Currently operating 5 nights weekly from 5pm to 9pm with potential to expand to breakfast, lunch, and additional days. The venue holds a liquor license valid until 11pm. Average annual turnover reaches $350,000 over 11 months, with the restaurant closing each January. Rent is $1,340 weekly, and the current lease ends this year with a 5-year extension option available from June 2024.

Confidentiality Agreement Required

To protect the interests of the business owner, financial details, highlights, and broker contact information are available after signing a confidentiality undertaking.

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