7/111-117 Williams Esplanade, Palm Cove QLD 4879

$400,000.00

IL FORNO PIZZERIA IN PALM COVE – RUN UNDER MANAGEMENT OR AS OWNER OPERATOR

Phone enquiries - please quote property ID 25766.

Located in the picturesque Palm Cove in far North Queensland, Il Forno is a successful, contemporary and authentic Italian Pizzeria. Established now for almost 30 years with an excellent reputation.

Il Forno is a very resilient business, due to its very nature, location and market share (dine-in, take away and delivery services). It has stood the test of time and has demonstrated its financial resilience being able to weather the recent COVID crisis and the past Global Financial Crisis. In fact, Il Forno has thrived through COVID and generated stronger figures than previous years.

Il Forno as a dine in venue is contemporary, stylish, yet unpretentious and authentic. It offers affordable and superior quality alternatives to mass produced pizzas. This business is the only authentic and privately owned pizzeria in Palm Cove that does home deliveries and has the largest share of the takeaway market. (it has purposely not utilised Uber Eats or Menu Log, but this will be the choice of the new owner).

Il Forno is fully licensed with indoor and alfresco dining areas overlooking the beautiful and famous Palm Cove Beach. The premises are leased with secure lease in place.

* Reputable business well supported by locals
* Strong Takeaway and Home Deliveries (approximately 30%)
* Trades evenings only (with potential to extend hours – breakfast and/or lunch)
* High rankings with Google
* Excellent Reviews
* Very profitable business with further potential

Hands-on operation (owner operated)
The business lends itself well to an owner managed operating model where the purchaser has the intention of maximizing their personal income and profit made from the business and is happy to play an active role in day to day operations.

Hands-Off (under management)
Two key staff members taking responsibility for the operational management and day to day running of the business the new owner will be free to simply manage and guide the strategic aspects of the operation.

All fixtures, fittings and equipment are included in the sale. A full list can be provided to genuinely interested parties. Stock will be sold at valuation.

Whether you seek a self sufficient business as an investment or wish to be hands-on, this sound, proven business warrants your consideration.

Price: 450.000
NOTE: Further information can be disclosed with a confidentiality agreement.

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