An exciting opportunity to buy an Italian Pizzeria based in bustling Ipswich, Queensland.
Asking Price: $450K + SAV ($20k)
This business was hard-hit by the recent, yet fading, impact of the Covid-19 pandemic. It is the perfect opportunity for a savvy investor to purchase the business in a depressed market and turn it around. With Covid-19 restrictions easing in Australia and beyond, the hospitality industry is roaring back to life, positioning this restaurant to be stronger than ever.
Reason for sale: The owners are looking to retire and spend more time with family.
Stellar brand reputation. The restaurant has a strong social media presence with substantial reach with limited spend and has sustained a 4.7-star Google rating from approximately 100 raving community reviews in just two years since opening.
Quality fit-out. The owners purchased a woodfire oven directly from Italy, imported and installed it. All equipment is freehold and nothing on finance. This woodfire oven is the centre point of this tenancy.
Authenticity. The company currently have a pizza chef from Florence who has been employed for 1 year with sponsorship.
Online take-away ordering system. The restaurant comes with an impressive website that has an inbuilt online-take away ordering system. This has streamlined operations, injected convenience into the customer experience and bolstered sales.
Expansion Opportunity. The recent addition of the takeaway menu and online ordering portal has increased foot traffic and introduced new customers. There is currently no delivery service. This could be set up to increase sales.
Prime location. Centrally located with access to plenty of on and off-street parking. The surrounding Ipswich area continues to expand as the population continues to boom in the area. Ipswich is an area experiencing significant growth. It is the fastest-growing city in Queensland and one of the top 10 nationwide. Its population of over 231,000 is projected to more than double in the next two decades. In many ways, Ipswich Central is the nexus of the region’s centres.