ICONIC RESTAURANT & BAR – ASCOT VALE

Every neighbourhood needs its landmark “go to” restaurant & bar and this venue in many ways, defines everything people love about Ascot Vale. The venue first opened its doors in 2020 and has been a local icon ever since. If you are looking for the ultimate Pizza & Pasta Restaurant & Bar, then stop looking, as this is it. With strong weekly sales, short trading hours only 25 hours a week and in an unbeatable high-profile location – it doesn’t get any better than this Ascot Vale institution.

Ideally positioned on popular Mt Alexander Road with great exposure, the restaurant is easy to access, as it is close to public transport and surrounded by ample parking for customers. The restaurant has real character, set out in a stunning old building that has been fully renovated and the decor is all class. The fitout is sophisticated yet relaxed, and the vendors have kept the charm of the old building whilst giving the venue a refined and modern facelift. The restaurant has a large versatile floorplan including separate bar spread over a massive floorspace over 350m2 with the capacity to seat 120 patrons inside plus an additional 40 outside (footpath), is it is very popular for private functions and large group bookings. There is also a full commercial kitchen with A grade equipment including pizza ovens, prep area, grill/hot plates, grease trap, walk in freezer/cool room plus plenty of storage.

This Restaurant is well known throughout the inner Northeast for having the best authentic Italian cuisine. There is also a full bar available with a great selection of local and imported wines, beers, spirits and an extensive cocktail list so it’s a great set up for private functions and after work drinks. Unlike others, this place’s tradition of quality still holds true today. Only using the best authentic ingredients to make their gourmet pizzas with arguably the best array of authentic pizzas in the area. There is also a great selection of pastas, chicken, seafood, salads & delicious Italian desserts, not to mention a fantastic kid’s menu.

This restaurant has provided the current vendor with strong and consistent sales and a very healthy net profit all year round. However, the vendor is now ready to move on so is a motivated seller and will offer the purchaser a comprehensive and professional handover to ensure business continuity after settlement. This restaurant is primed and ready for a purchaser to take over and operate seamlessly from Day 1 as all the hard work building up the brand and reputation has been done. Grab your slice of pizza history and reap the benefits of this much-loved local institution just in time for the busy warmer months ahead. Call Marc 0412 359 907. 

BUSINESS HIGHLIGHTS:
Weekly sales $30,000 – $35,000 & up to $50,000 over peak periods  
Open 5 days for dinner – ONLY trades 25 hours a week
Net return of $250,000+
Run semi under management
Can seat up to 120 patrons inside & 40 outside (footpath)
Great long lease available and market rent
Iconic venue and renowned for being one of the best family restaurants in Ascot Vale
Excellent location on Mt Alexander Road with great exposure
Stunning designer fit out + fully equipped commercial kitchen & pizza prep area
Restaurant & Cafe Liquor Licence 7 days until 1am for 95 patrons
Ideal buying for either experienced operator or Visa buyer as full financials are available

PRICE: OFFERS INVITED

Call Marc 0412 359 907