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.
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.
Well established for 45 years - Low rent - Long lease - Award winner. - Easy to run - Limited competition
Large floor space of 260 sq. mts. - There is an option to rent a 4 bedroom unit upstairs for a further $450 p.w.
Situated in City Fringe shopping strip, with a corner position on a busy road with lots of apartments being built in the area.
5 days - Tues. - Sat. - Dinner - 6 p.m.-10 p.m. -Wed. - Fri. - Lunch - 12 noon - 3 p.m.
New 5 + 5 + 5 lease available with only C.P.I. increases.
2 owners + 2 chefs + 2 kitchen hands ( 1 casual)+ 4 waiters ( 2 casuals)
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.
Weekly Sales $17000
Rent (ex GST) $1400
Agent SBX Code Number: FV1004 - SBX Business Brokers
- Last Updated April 2016
- 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
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065