Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $299,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $299,000

Business Details

Restaurant - Italian Cuisine - South Coast



Restaurant - Italian Cuisine - South Coast - Agent SBX Code Number: CB1235

Restaurant specialising in Italian cuisine and offering a wide menu range including entrees, extensive choice of pasta dishes, locally supplied seafood and high quality beef and veal meals. - Desserts are a feature of the establishment, and Facebook followers are advised of weekly specials. - Great coffee, and excellent bar facilities dispense cocktails, spirits, beers, wines and soft drinks. - Large modern kitchen has servery access to dining area and is equipped with large inventory of well maintained gear. - Air conditioned - 70 seats outside - 130 seats inside. - Takeaway available.

Potential
Could introduce draught beer/ cider taps. -Increase opening hours.

Features
Very inviting premises. - Loyal customer base, with over 6,000 Facebook followers. -Strong website presence. - Great location.

Premises
Very attractive open plan premises with expansive glassed outlook and open air terraces and an area of 300 sq.mts.

Location
Prime corner location beneath residential complex in CBD of thriving South Coast city.

Trading Hours
5 days - Wed. - Sun. - 11.30 a.m. - 10.30 p.m. -DA allows opening until 12.00pm.

Lease
Current lease commenced 2007 + 10 + 10 years. - Increases 4%. - Bank guarantee.

Employees
1 owner - 3 fulltimers + 6 casuals.

Comments
Misc 1 - Advertising. - Misc 2 - Trade waste. - Owners wage included in profile figures. - Downstairs contains large coolroom, freezer, storage, garage and staff parking for 7 cars. - 2 group coffee machine remains property of supplier. - Pasta mix machine remains property of supplier.

Figures
Weekly Sales $24130
Rent (ex GST) $3300
Wages $5650
Profit $6145

Agent SBX Code Number: CB1235 - SBX Business Brokers

  • Last Updated May 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
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065
1 Photo

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