Food/Hospitality Business for Sale in NSW Photo 1
Restaurant for sale in Eastern Suburbs, NSW
For Sale $80,000

Restaurant for sale in NSW

Food/Hospitality
NSW
For Sale $80,000

Business Details

Restaurant - Pizza - Lower North Shore



Restaurant - Pizza - Lower North Shore - Agent SBX Code Number: FV1007A

Restaurant serving mainly pizzas that are prepared in the new pizza oven that was imported directly from Italy last year with an estimated value of $25,000 and is included in the purchase price. - The kitchen is functional and includes a 2 door freezer, 3 door fridge plus a bench fridge, and a dry store room. - 10 seats outside- 20 seats inside.

Potential
The restaurant has a great potential to increase sales, by increasing trading hours at lunch and on a Monday. There is also the opportunity to leverage the am foot traffic by serving coffee plus muffins.

Features
Well established for over 35 years.- Easy to run. - Low rent ( with no annual increases)

Premises
Quaint, Italian decor, with a European style laneway to eat outside and an area of 50 sq. mts.

Location
Busy Lower North Shore suburb with great foot traffic and a bus stop outside.

Trading Hours
6 days - Tues. to Sun. - 5.30 p.m. to 9.30 p.m.

Lease
3 year lease commenced in Nov 2015. - Landlord willing to negotiate a longer lease- no increases in lease contract

Employees
1 owner + 1 fulltimer + 1 casual

Comments
This is a great business to purchase at just above equipment value. -By extending your operating hours to include a simple breakfast and lunch plus expanding the limited menu to include pastas, the opportunity for growth is enormous.- Outgoing costs are included in the rent.

Figures
Weekly Sales $3700
Rent (ex GST) $900
Wages $400
Profit $1125

Agent SBX Code Number: FV1007A - SBX Business Brokers

  • Last Updated June 2016
  • Business Category Food/Hospitality
  • Business Sub Category Restaurant
  • Expenses $1465
  • Business Selling Price $80000
  • Trading Hours 6 days - Tues. to Sun. - 5.30 p.m. to 9.30 p.m.
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065
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