For Sale $250,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $250,000

Business Details

Restaurant - Italian Cuisine - Inner West

\nRestaurant - Italian Cuisine - Inner West - Agent SBX Code Number: FV1004

Restaurant serving a menu of pasta, rissotto, filetto, as well as fish and steaks. - The business holds a full liquor license and also does large functions from time to time. -Average turnover per customer is around $55-$65 per sitting. -100 seats.

Potential
Could introduce pizza onto the menu and with a delivery service the potential for growth is significant. - Could trade on Sundays and/or open for breakfast in the am.

Features
Well established for 45 years - Low rent - Long lease - Award winner. - Easy to run - Limited competition

Premises
Large floor space of 260 sq. mts. - There is an option to rent a 4 bedroom unit upstairs for a further $450 p.w.

Location
Situated in City Fringe shopping strip, with a corner position on a busy road with lots of apartments being built in the area.

Trading Hours
5 days - Tues. - Sat. - Dinner - 6 p.m.-10 p.m. -Wed. - Fri. - Lunch - 12 noon - 3 p.m.

Lease
New 5 + 5 + 5 lease available with only C.P.I. increases.

Employees
2 owners + 2 chefs + 2 kitchen hands ( 1 casual)+ 4 waiters ( 2 casuals)

Comments
This business has lots of upside potential if the new owner is prepared to invest in a pizza delivery service for the area. The business suits an owner operator. - The wages shown above excludes any owners drawings. - The current owners have been running the restaurant for 10 years and won Sydneys best family owned restaurant in 2012- Miscell.-1- represents expenses such as repairs and maintenance, as well as accounting and other admin fees.

Figures
Weekly Sales $17000
Rent (ex GST) $1400
Wages $5150
Profit $3745

Agent SBX Code Number: FV1004 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Restaurant
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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