Authentic Italian Osteria in Vake

$
61000.00
A rare opportunity to acquire a high-performing, turnkey Italian restaurant with a proven 6-year track record. Located on the prime stretch of Chavchavadze Avenue, this establishment combines an authentic European atmosphere with a highly efficient business model.

Investment Highlights:
Prime Location: First-line position in Vake – Tbilisi’s most prestigious residential and business district with high foot traffic.
Tangible Assets: The sale price is heavily backed by physical assets, including professional kitchen equipment, high-quality furniture, and inventory valued at $41,000.
Operational Excellence: 6 years of stable history with a fully trained team of 10 employees (including a dedicated manager) willing to stay with the new owner.

Technical Specifications:
▪️ Space: 70 m² interior + 18 m² officially registered outdoor terrace.
▪️ Capacity: 28 cozy seating places.
▪️ Rent: $2,000 (+ 500 GEL tax); Terrace lease (City Hall): 350 GEL.
▪️ Utilities: Average ~ 2,500 GEL/month.

Financial Performance (Annual):
📈 Gross Revenue: ~ 760,000 GEL
💰 Net Profit: ~ 112,000 GEL
▪️ Payroll (Staff): ~ 17,000 GEL/month.

Reason for Sale: Owner’s relocation.
💰 Asking Price: 165,000 GEL ($61,000 USD)

This is a transparent, "plug-and-play" asset ideal for an investor seeking a stable cash-flowing business where the majority of the investment is secured by high-value equipment.

For detailed financial statements and viewing: Message or call +995 511 137 670

City: Tbilisi

Location: Vake, Chavchavadze avenue

Area: 70 sq.m. + terraces 18 sq.m.

Operates: since 2020

Rent: 2'000 USD + tax 500 GEL

Utilities: 2'500 GEL

Lease agreement: until 2028 with renewal option

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