Italian Ristorante Magnifico Elsternwick

Italian Ristorante Magnifico – Be a part of history, wonder, and romance of the south of Italy, positioned on Glen Huntly Road in Elsternwick. This restaurant captures the essence of Italy’s Amalfi Coast destinations. Annual revenue of $780,000. Annual rent of $79,700. Operating Tuesday to Sunday (dinner service; closed Mondays). Kitchen: 1 full-time chef, 1 full-time cook, 4 casual cooks. Front of house: 6 casual wait staff plus owner. The establishment has earned recognition as one of the area’s finest Italian restaurants. Located near a tram line with ample street parking, it attracts both residential and commercial clientele through high foot traffic. Established in 2017, the business operates efficiently with minimal staff while maintaining strong customer loyalty and repeat business. The venue features warm, inviting decor with natural lighting and adequate space. It maintains a robust social media presence and website. The demographic profile of the surrounding area strongly supports hospitality businesses, with diverse patron bases. Management indicates significant growth potential through expanded operating hours. Reason for sale: Owner pursuing other business interests.