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Well-established Italian Restaurant in the Heart of Sydney Inner-city Suburb

Listing Id : 270814

Location : New South Wales

Category : Restaurant, Bottle Shop, Cafe and Coffee Shop

Asking Price : $150,000

Business description

Newly refurbished Italian restaurant in prime corner location with ample street parking and great foot traffic.

Location Details
Located on the ground floor of a residential building with car space and storage cage included in the lease. Internal and external seating for approx. 120 patrons.

Potential
Fantastic opportunity to increase catering sales and home deliveries.

Hours
Currently operates from Tuesday to Sunday.

Lease
Expires in 2**** ****
1 x 5-year option remaining

Employees
18 x Staff (mix of FT and casual staff)
Run under management with Full-time manager in place

Reason For Sale
The owner now wishes to devote his time to consolidating the Fast Food and home Delivery restaurants and hence has chosen to sell this site.

History
The business was established 8 years ago and was the first business in the chain of restaurants.

About the Business
This sale comprises ONLY the plant, equipment, fixtures and fittings of this existing business. The vendor will also transfer the lease of this business to the purchaser. This sale DOES NOT include any goodwill, and access to existing financial performance of the business is limited. Anecdotal information will be released - but no access to Tax Records will be granted. The name WILL NOT be included in this sale. It is also expected that while the business currently operates as an Italian restaurant, new owners will change the focus to a different cuisine so as not to directly compete with the owner's other businesses, one of which is located in the same area.

Key facts about this business:
-Prime location in rapidly growing area of the city
-Car space and storage cage are included in the lease
-Well-equipped bar as well as satellite keg beer station
-Seating for approximately 120 customers
-Potential to increase catering sales and home deliveries
-The sale includes fixtures, fittings, plant and equipment on the site
-Stunning fit-out that is sure to impress, high quality throughout


For more information on this opportunity, please contact the undersigned:

Nick Poulos
Business Sales Specialist
M:**** **** T: 1800 858 696 E: nick.poulos@mentored.business

For more details go to and complete our online confidentiality agreement. Use the reference ID 20950964 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.


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