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​HI ITALY PIZZERIA – RESERVOIR

48 Gertz Ave Reservoir 3073
$170,000 - $205,000

Description

If you are looking for the ultimate Italian restaurant in the booming suburb of Reservoir only 12km North from the CBD with the perfect demographics, then stop looking, as Hi Italy Pizzeria is it. With consistent weekly sales between $10,000 – $12,000, returning a strong profit all year round and with excellent rent at ONLY $265 + outgoings a week – it doesn’t get any better than this golden opportunity.

Renowned for its delicious authentic woodfired pizza, handmade pastas and desserts, this business is open for dinner 5 nights a week for dine in, take away and delivery via UberEats & DoorDash, and is always a popular choice with the locals. This casual restaurant operates with a strong business model including a simple pizza & pasta menu, strong takeaway trade, very short trading hours only 24 hours a week, dine in for 70+ patrons inside & outside and only requires 4-5 staff to run this great little money maker. There is also a rear yard which is currently not used which has huge potential to be converted into a courtyard area for additional seating/function space.

The business is positioned in an excellent location on Gertz Avenue in Reservoir within a busy shopping strip surrounded by great supporting businesses and plenty of free parking available for customers. The venue is exceptionally well run with all near new and modern equipment including wood fire pizza oven, large pizza/prep bar, lots of storage plus all systems and procedures are in place for an easy hand over plus the vendor will offer the purchaser a comprehensive and professional training period to ensure business continuity after settlement.

BUSINESS HIGHLIGHTS:

  • Consistent sales b/w $10,000 – $12,000 over 5 nights
  • Excellent rent at ONLY $265 a week + outgoings
  • Net weekly profit of $4,000 + vendor wage
  • Great lifestyle hours only open 24 hours a week
  • Open Wed- Sun from 5pm + delivery via UberEats & DoorDash
  • Excellent high volume takeaway business + easy dine in menu
  • Fully Licensed for 70 patrons until 11pm
  • Inside & outside seating including large parklet at the front of the venue
  • Prime location in a shopping strip with strong neighbourhood and community presence
  • Great set up with excellent equipment – wood fired pizza oven, large pizza/prep bar & lots of storage
  • Simple menu – easy to run/minimal staffing required + full training and handover provided
  • Thriving easy to run business model – still with plenty of upside

PRICE RANGE: $170,000 – $205,000 + Stock

The business has provided the current vendor with a very strong turnover and a healthy profit since opening. This business represents an ideal buying opportunity into the hospitality industry with huge potential to extend trading hours and put your own stamp on this already thriving business, be quick to inspect as this is a rare opportunity to buy such a good cash flow business in one of the busiest growing suburbs in the North. Call Marc on 0412 359 907 to inspect.

  • 48 Gertz Ave Reservoir 3073, Melbourne, Australia
Marc Di Genova
Marc Di Genova
0412 359 907
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