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SLICES RESTAURANTS – 3 LOCATIONS

$7,500,000 - $8,000,000

Description

KEILOR, CAROLINE SPRINGS & DOREEN

Jbb are excited to bring three of the outer suburbs most well known and loved family restaurants to the market. Slices – Keilor, Caroline Springs & Doreen. If you are looking for the ultimate under management investment spread across three stunning locations, then stop looking, as this is it. With exceptionally consistent weekly sales, strong profit all year round and located in three unbeatable positions with excellent demographics – it doesn’t get any better than “Slices”.

BUSINESS HIGHLIGHTS:

  • Annual sales of $12,000,000+ across all three venues
  • Net annual profit of $2,000,000+
  • Forecasted turnover & profit grow by a minimum 10% over the next 12-18 months
  • All three venues run under full management
  • Secure long leases in place with market rental
  • Caroline Springs – Licensed to seat up to 288 patrons until 1am
  • Doreen – Licensed to seat up to 267 patrons until 1am
  • Keilor – Licensed to seat up to 200 patrons until 11pm
  • Excellent fully equipped commercial kitchens with large prep areas
  • Well established brand with strong following and very loyal customer base
  • Great team in place of 180 employees (approx.)
  • Excellent buying power with established supplier relationships
  • Strong business model with exceptional market share and still plenty of scope for future growth
  • Stunning open plan and modern fitouts with Caroline Springs popular for its panoramic lakeviews surrounding the entire venue, Doreen loved for its multi-level dining and lakeviews and Keilor loved for its drive thru facility and indoor kids’ playground and toddler area
  • All written systems and procedures in place to ensure a smooth handover
  • Will suit both owner operator &/or investor syndicate looking for strong return on investment

PRICE RANGE: $7,500,000 – $8,000,000 + Stock*

The Slices brand has been a household name for decades, with Slices in Keilor first opening its doors over 34 years ago and has been a local institution ever since. Capturing the family and function market perfectly, with its superb all day dining menu of seasonal modern Italian inspired dishes including antipasti, pizza, pasta, risottos, proteins, seafood, salads, and delicious desserts. There is also a full bar at each venue with a great selection of local and imported wines, beers, spirits, and an extensive cocktail list, making it a great set up for private functions and large group bookings. The venues are renowned for their family friendly customer service, extensive menus, great locations, and excellent value for money, which in the current economic climate is extremely important to its customers, which keep them coming back time and time again.

The fit outs at all three venues offer the perfect blend of modern aesthetics and versatile floorplans to seat up to 288 patrons (Caroline Springs), 267 patrons (Doreen) and 200 patrons (Keilor), making them ideal for various occasions, from corporate events to large private gatherings. Caroline Springs is well known for its panoramic Lakeview from every corner of the venue, Doreen has multiple levels of dining and stunning lake-views and Keilor is popular for its drive-through facility, and indoor kids’ playground and toddler play area which are a real favourite with families. All three venues have extensive commercial kitchens with high end equipment including pizza ovens, large prep areas, multiple grill/hot plates, grease traps, walk in freezer/cool room plus plenty of storage.

Slices is being offered as a package with all three venues being sold together. The business has provided the current vendor with a strong turnover and a healthy profit since opening. However, after 34 years our 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. All three restaurants are primed and ready for a purchaser to take over and operate seamlessly from day one, as all the hard work building up the brand and reputation has been done. Call Marc to discuss further 0412 359 907. 

*Please note – All interested parties must sign a CA and verify their financial ability to purchase prior to receiving any further information on the business.

 Video link to Slices Doreen:

https://my.matterport.com/show/?m=Tek2bNWacwp

Video link to Slices Caroline Springs:

https://my.matterport.com/show/?m=spH8TosAvfV

Video link to Slices Keilor:

https://my.matterport.com/show/?m=f9vLHKaKVTg

Address

  • 2 Lake Street Caroline Springs, Melbourne, Victoria, Australia
Marc Di Genova
Marc Di Genova
0412 359 907
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