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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.

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.

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.

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

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)

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

2 owners + 2 fulltimers + 8 casuals

Please note that this information has been taken directly from accountants 2018 FY P&Ls and therefore sales are exclusive of GST.
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
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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

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