Network Infinity Phone : (02) 81 ****

Iconic Italian Restaurant Inner West For Sale | Best Location |

Listing Id : 258852

Location : New South Wales

Category : Restaurant

Asking Price : $990,000

Business description

Very Strong and Solid Italian Restaurant. Inner West. A highly popular, Italian restaurant that achieves consistently strong profit margins on a weekly basis. The Restaurant is perfectly Located in the Inner Wests most popular Street of this very busy suburb, ultimately creating a consistent influx of customers each day. Along with it's a great location, the business prides itself in its ability to provide a cafe, and dinner menu with food that is delicious, beautiful in it's presentation and great value for money. The Business is particularly recognized among locals and visitors for it's bustling and friendly atmosphere, complemented by the excellent service provided by well trained and respectful staff. In extension to a great dining experience. This is a relatively very busy area and anchored around the most respected eateries. Key Business Highlights: -Exceptional foundation of more than 20 years. -Lifestyle business providing great value food and coffee, accompanied by a pleasant atmosphere and friendly customer service -Positioned in a perfect location with high foot traffic -Recently renovated to the highest of levels and boasts a 9 year long lease -Consistently solid cash flow providing a safe and long term high income -Solid platform for major growth and expansion through night trade and other avenues. Potential : Due to the busy Inner West location & exceptional reputation, this restaurant has enormous potential, such as: - Extending the trading hours to capitalise on Breakfast / Morning trade. - As a result of extending the trading hours, delivery/takeaway options can be considered as additional income streams. - Expanding into catering via local area marketing, utilising the cafes exceptional reputation & length of the establishment to generate catering clients. - This Restaurant has enormous potential to introduce functions and add to what is already a very impressive bottom line. Owners are willing to train and pass on their knowledge of success to the new buyer. Hours:7 days a weekMon to Fri: 12pm - 10pm Saturday & Sunday : 10pm - 10pm LeaseIt has an area of 280 sqm with 8 car spaces on title and lease Expires in 2**** **** with a 3x6 year option available. Rent is 9% of its Turnover. Seating capacity is for 160 inside and out. Cost of Goods are at 28% of its Turnover. Full Liquor License on Premises. Great ROI, Excellent Inner West Suburb, Not a Cent to Spend. Excellent Paperwork with Proven Profits over 450k Per Year which are available for any due diligence to be reviewed. Currently, Under Semi Management, you can save on wages and everything else if you are hands on. Once you inspect you will certainly be impressed!!! Make Your Inquiry NOW. CLICK THE GREEN CONFIDENTIALITY AGREEMENT BUTTON TO RECEIVE MORE INFORMATION OR FOR HELP REGISTERING ON OUR SITE PLEASE CONTACT: Chris Minas **** ****

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