Piccolo Restaurant, 73 Liebig Street,
Warrnambool, VIC 3280

Shops & Retail

Key property information

Floor area

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Map of Piccolo Restaurant, 73 Liebig Street

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Profitable Warrnambool Restaurant

Set in the heart of Liebig Street's cafe/restaurant scene, Piccolo restaurant has established itself as one of Warrnambool's most popular restaurants. Features of the business include;
• Currently trading 6 days from 5:30pm (7 days trading in peak times). These hours allow the new operator a very comfortable lifestyle or opportunity for expansion to offer lunch/breakfasts if they desire
• Current lease until September 2019 with 3 further 5 year options
• Seating area for 80+ patrons with further opportunity to access and trade using the side laneway
• Full commercial kitchen and equipment set up as new fit out
• Currently takeaway is offered but it only a small portion of the turnover and has great potential to increase with home delivery
• Most recent adjusted net profit for 2016-2017 a very healthy $183,191

Warrnambool, 3280 demographic data

Warrnambool and Regional Victoria have similar median household incomes, at $1,385. Warrnambool has a younger age profile compared to the rest of Regional Victoria (median age 42 vs 43). Property ownership data shows 44% of property owners in Warrnambool have a mortgage.

31,308

Population

$1,385 per week

Median household income

42 years

Median age

Owners

Most residents

Families

Most households