Just Business Brokers

CONRADS – MT ELIZA

CONRADS – MT ELIZA

“Amazing food – Great service – A local Icon”

Situated on a high-profile corner location in Mt Eliza this busy local pizza and pasta restaurant specialises in hearty Italian meals including pastas, pizzas, steaks, seafoods, salads & stunning homemade desserts. With cosy, casually dressed tables and mood lighting, this casual restaurant/cafe has been a hotspot with locals for over 11 years.

Unlike others, this place’s tradition of quality still holds true today. They use only the best ingredients to make their pizzas and gourmet sauces cooked from scratch for their pastas. A truly Italian experience with its friendly customer service, Conrads is a great family dining experience for all.

Check it out TODAY! To inspect call or SMS Michael at JBB on 0423 287 048

BUSINESS HIGHLIGHTS:
Current weekly sales $14,000 (will trial on $11,500)
Net profit $2,000 per week after owners salary
Open 6 nights for dinner
Currently run as owner operator
Restaurant seats 25 downstairs & 40 upstairs and 16 out front
Great location in Mornington Peninsula village
Currently on Pizza & pasta with home delivery that is 28% of business

BUSINESS STRENGTHS:
Two fully fitted commercial kitchens
Easy to operate restaurant with high profit margin
Same owner for 11 years, great reputation
“Café & Restaurant” liquor license till 11pm 7 days
All equipment fully owned and included in the sale
Opportunity to continue running venue as is or opportunity to change and increase takings by utilizing upstairs on a more regular basis

LEASE AND RENT:
Commencement date: November 2007
Term: Five (5) years
Further terms: Four (4) further terms each of five (5) years (until September 2027)
Current weekly rent: $1,080 + GST
Rent reviews: CPI annually
Lettable area 200m2

PRICE $215,000 + Stock

Check it out TODAY! To inspect call or SMS Michael at JBB on 0423 287 048

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