BUSINESS FOR SALE: AUGELLOS RISTORANTE & PIZZERIA, BALWYN

  • $500,000
1/200 Whitehorse Rd, Balwyn
Business
BUSINESS FOR SALE: AUGELLOS RISTORANTE & PIZZERIA, BALWYN
1/200 Whitehorse Rd, Balwyn
  • $500,000

Description

DON’T MISS OUT ON THIS RARE OPPORTUNITY TO OWN A THRIVING RESTAURANT IN ONE OF BALWYN’S MOST SOUGHT-AFTER LOCATIONS!

Price: $500,000+ Buyers

Imagine owning an Italian eatery right in the heart of a buzzing community that has strong profits and is easy to run. The dream is here with this incredible chance to acquire an extremely popular Licensed Italian Restaurant/ Bar that’s got everyone talking! Unlock the potential of this thriving establishment and make it yours today!

Discover an Unparalleled Opportunity in Balwyn – Augellos Ristorante & Pizzeria

A beautifully fitted and well-equipped modern Italian restaurant with a strong local reputation, Augellos Ristorante & Pizzeria is now available for purchase. Located in the heart of Balwyn, just a short walk from the Palace Balwyn cinema complex and along the busy 109 tram line, this iconic restaurant boasts ample convenient customer parking on Whitehorse Road and nearby Balwyn Park.

Key Features:

• Prime Location: Excellent visibility, situated on the busy 109 tram line with convenient ample parking options, ensuring a steady flow of customers. Proximity to attractions like the Palace Balwyn Cinema draws a diverse crowd from the surrounding entertainment and retail hubs.

• Well-Established Reputation: Augellos has been a favourite among locals for 8 years, known for its award-winning authentic pizzas, pasta, main meals, desserts, and specials.

• Top-Rated Dining Experience: Ranked #2 out of 59 restaurants in the local area on TripAdvisor with a 4.3/5 rating for food and service.

• Architecturally Designed Space: The interior boasts a sleek, contemporary design, creating a chic atmosphere that will impress your patrons. Features a street-facing alfresco terrace with high-quality internal and external fit-outs to enhance the dining experience, including timber and marble counters, surround speakers throughout the restaurant, and a large screen TV for events/functions.

• Fully Equipped Kitchen: Semi-open kitchen includes a walk-in cool room, Middleby Marshall conveyor pizza oven VPS 640, Blue Seal 6 burner cooktop, 2 x Scope 3 door pizza benchtops with under bar, 20kg Fona Italian dough mixer, Washtec 3m pass-through dishwasher, and 2 under bar freezers. Full equipment list available on request.

• Well-Stocked Bar: Includes 2 Scope under bar drink fridges, Hoshizaki 30kg ice machine, Washtec glass washer, Asahi beer keg system, and San Remo 2 head coffee machine plus grinders. In addition there is a fully equipped office.

• Robust Operations: Open 7 days a week for lunch and dinner, fully licensed for 120 patrons with internal table dining for 80 and outdoor heated alfresco table dining for 30.

• Onsite Parking: Convenient parking with 6 dedicated spaces.

• Comprehensive Staffing: Two hands-on owners supported by a long-established, reliable, and passionate team in the kitchen and on the floor, with a mix of permanent, part-time, and casual roles. The kitchen team includes a head chef, 4 chefs, and 6 kitchen hands, while the floor team includes a restaurant manager, 2 supervisors, and 16 waiting staff, all trained in Augellos systems and business practices.

• Financial Performance: We are advised the business takes $45,000+ per week on average in sales, with annualised sales of $2.2 million+. Owner manager salaries amount to $150,000. Full financials are available on application.

• Long Secure Lease: Excellent terms and conditions at $107,000 per annum (leased at 6% to turnover). A new lease will be offered on a 5x5x5 term to secure this popular location far into the future.

Growth Potential:

• Organic Growth: With a nearby 60-unit residential and retail development, there is significant potential for organic growth.

• Extended Hours: Expand daytime and night opening hours, including opening for breakfast, public holidays, early bird specials from 3-5pm, and post-movie drinks/cocktail bar operations with an 11pm license.

• Function Room: Consider utilizing the space for function room potential.

• Special Events: Run wine nights and other special events.

• Delivery Service: Offer meal delivery service (currently only customer pick-up).

• Online Ordering & Booking: Implement online ordering and booking systems (currently done by phone).

• Marketing & Promotions: Undertake social media and marketing promotions via the database.

The current owner is happy to help with a successful transition. Whether you’re looking to continue the current success or introduce a new dining concept, this space offers flexibility and a prime location to grow your business.

This business presents significant possibilities for expansion with new ownership. Its robust foundation and promising outlook for growth render it a compelling investment opportunity. Augellos Ristorante & Pizzeria presents an excellent investment opportunity for an astute purchaser seeking a profitable turnkey business in a prime location with a stellar reputation.

For more information or to arrange an inspection, please contact Nathan Lihari on 0411 988 999.

 

Details

Updated on July 7, 2024 at 4:10 pm
  • Listing ID: 19747
  • Price: $500,000
  • Industry: Food & Drink
  • Type: Business

Location

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  • City or suburb: Balwyn
  • State: Victoria
  • Postcode: 3103

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