Skip to main content

Restaurant business for sale in Sydney

  • Restaurant
  • Sydney NSW 2000
  • $950,000 (GST na)

G1710 - Business For Sale - Restaurant Local Icon

Restaurant - Italian Cuisine - Eastern Suburbs
SBX Business Code: G1710
Restaurant - offering home-made traditional Italian cuisine. - This traditional Italian family restaurant has been an institution in the Eastern suburbs for the last 35 years. - The menu consists of Pane, Zuppa, a selection of Antipasti, Ciccetti, Mozzarellas, Pastas, a selection of Secondi and Contorni. - The restaurant is fully licensed (No BYO) and seating for approx. 147 people.

Potential
Could open Monday evenings and for lunch on Thursday - Sunday. - Could do more Social Media marketing. - Could promote more functions to sell upstairs area. - Permitted to trade breakfast, lunch & dinner.

Features
Eastern Suburbs Icon. - Well established, consistent business. - Only 2 owners over the last 35 years. - Regular & loyal clientelle. - Solid business showing excellent financials. - Great opportunity for an experienced restauranteur.

Premises
This 2 storey restaurant has an area of approx. 250 sq. mts. including ground floor, an upstairs room & a rear courtyard area.

Location
Prime location in a very upmarket Eastern Suburbs shopping village & dining destination.

Trading Hours
6 days - Tues. - Sun. - 5.00 p.m. - 10.00 p.m.- (last orders) - (Closed Mondays)

Lease
5 year lease commenced April 2019. - Bond $25,000 Bank Guarantee. - 2.5% Annual Increases

Employees
2 owners + 2 fulltimers + 8 casuals

Comments
Please note that this information has been taken directly from accountants 2018 FY P&Ls and therefore sales are exclusive of GST.
Figures
Weekly Sales $32415
Rent (ex GST) $2510
Wages $3792
Profit $12595

SBX Business Code: G1710

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2015173857
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  16 Apr 2019
Map for Sydney NSW 2000
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

Ask SBX Website about this business

By sending this message, you agree to our Privacy Policy.

CallEmail