66037 Italian Restaurant Franchise
Food/Hospitality - Alcohol/Liquor, Food/Hospitality - Restaurant, Franchise
Description: Overview of the Business
This business is part of a large franchise of Italian restaurants established in 1998, this Gold Coast location was established in 2009 and has experienced exponential returns. This business comprises of a cafe, bar and restaurant, specialising in simple, fresh quality dishes. The dishes served comprise of Italian and Mediterranean food made fresh to order, and using only the finest ingredients. The menu offers customers a diverse selection of meal options to suit all tastes catering for both the vegetarian and gluten free patron. To top it off this business offers quality coffees using a unique blend created exclusively for the shop.
Currently this business is owner operated. One owner is managing the day-to-day operation of the business, working 5 days and having 2 days off, all day shifts, no night shifts. The 2nd owner takes control of the financial aspects of the business, operating from the home office. This business is facilitating the ability to pay both owners wages on a weekly basis, and profits which are dispersed on a yearly basis at the end of the financial year. The business has 20 staff that are currently employed by the business, of those staff there are a key few that assist in the day-to-day operations and have the ability to ensure the smooth running of the business when the Operations Manager is off or unavailable.
As this business is part of a franchise it is easy to run with Marketing, Advertising and support offered by head office. The business is open 7 days - Monday to Sunday from 7.30am till 10.30pm, but currently not open on public holidays.
Key features of the business include :
Great location on the Gold Coast;
Large restaurant seats 220 people;
Marketing & Advertising provided by franchiser;
Full training and support provided;
Great opportunity for any investor looking for a busy shop with the potential to grow.
There is untapped potential for prospective buyers with this franchise with the ability to expand the current business and add on additional locations, including opening on public holidays. Full training will be provided in all aspects of running the business by the franchiser. Having a back ground in hospitality would be an advantage to any potential buyer.
Price: $ 595,000.00
Stock Value: $ 15,000.00
Net Profit: Upon application
Turnover: Upon application
Plant Value: $ 150,000.00