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Restaurant business for sale in North Sydney

  • Restaurant
  • North Sydney NSW 2060
  • $299,000 (GST na)

G1736 - Business For Sale - Restaurant Restaurant - Wine Bar - Italian - Pizza - Lower North Shore - Nett $3,910 pw

Italian Cuisine - Wine Bar - Cafe - Takeaway - Pizza - Lower North Shore
SBX Business Code: G1736
Restaurant - Wine Bar - Cafe- takeaway offering home-made traditional Italian cuisine for lunch and dinner and coffee in mornings for the large foot traffic of morning train travellers. - The menu consists of a selection of pastas & risotto, salads and pizzas plus assorted mains & deserts - The restaurant is fully licensed with seating for approx. 70 people.

Potential
Could add takeaway food. - Could open up at 6am for coffee & pastries to take advantage of early passing traffic. - Could do more Social Media marketing. - Could promote office catering.

Features
Location location location - Huge passing foot traffic. - Established since 1965 - Regular clientelle.- No 1 on Trip Advisor for suburb. - Only 2 owners in the last 40 years. - Preferred Italian restaurant from nearby hotels.

Premises
This restaurant has an area of 113 sq. mt. including open dining area & espresso & wine bar and full kitchen.

Location
Well located in Lower North Shore CBD between the train station & 2 hotels & close to many major commercial businesses.

Trading Hours
5 days -Mon. - 9 a.m. - 3 p.m. - Tues. - Thurs. - 9 a.m. to 8 p.m. - Fri.- 9 a.m. - 9 p.m. - Sat. -5.30 p.m. - 9 p.m.

Lease
5 year lease + 5 year option commenced August 2016 - 6 months bond - 5% annual increases.

Employees
2 owners + 2 fulltimers + 4 casuals

Comments
Misc.- 1 - GST payments. - One of the owners would be willing to stay on for 1 month to train a new operator and assist with the transition. - The figures being show are actual for the 2021 financial year.
Figures
Weekly Sales $12630
Rent (ex GST) $1635
Wages $1939
Profit $3910

SBX Business Code: G1736

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Business ID2016029031
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Last updated  20 Jul 2021
Map for North Sydney NSW 2060
Map for North Sydney NSW 2060North Sydney NSW 2060
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Business Highlights

Business ID2016029031
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  20 Jul 2021
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P.o. Box 19, Crows Nest NSW 2065
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