SBX Business Brokers Phone : 02 9439 ****

Restaurant - Italian Cuisine - Profit $12595 pw - Full Financials - Local Icon - Restaurant - Sales $32,415 p.w - Italian Cuisine - Eastern Suburbs - 6 dinners - Seats 147

Listing Id : 264419

Location : New South Wales

Category : Restaurant

Asking Price : 750,000

Business description

Restaurant - Italian Cuisine - Eastern Suburbs - Agent SBX Code Number: G1710 Restaurant - offering home-made traditional Italian cuisine. - This traditional Italian family restaurant has been an institution in the Eastern suburbs for the last 35 years. - The menu consists of Pane, Zuppa, a selection of Antipasti, Ciccetti, Mozzarellas, Pastas, a selection of Secondi and Contorni. - The restaurant is fully licensed (No BYO) and seating for approx. 147 people. Potential Could open Monday evenings and for lunch on Thursday - Sunday. - Could do more Social Media marketing. - Could promote more functions to sell upstairs area. - Permitted to trade breakfast, lunch & dinner. Features Eastern Suburbs Icon. - Well established, consistent business. - Only 2 owners over the last 35 years. - Regular & loyal clientelle. - Solid business showing excellent financials. - Great opportunity for an experienced restauranteur. - 6 nights trading only Premises This 2 storey restaurant has an area of approx. 250 sq. mts. including ground floor, an upstairs room & a rear courtyard area. Location Prime location in a very upmarket Eastern Suburbs shopping village & dining destination. Trading Hours 6 nights - Tues. - Sun. - 5.00 p.m. - 10.00 p.m.- (last orders) - (Closed Mondays) Lease 5 year lease commenced April 2019. - Bond $25,000 Bank Guarantee. - 2.5% Annual Increases Employees 2 owners + 2 fulltimers + 8 casuals Comments Please note that this information has been taken directly from accountants 2018 FY P&Ls and therefore sales are exclusive of GST. Figures Weekly Sales $32415 Rent (ex GST) $2510 Wages $3792 Profit $12595 Agent SBX Code Number: G1710 - SBX Business Brokers


Please fill out the form below.
max char 255 : You have 255 left
6 - 5
Verification Code is answer of the small calculation above