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      Restaurant business for sale in Sydney

      • Restaurant
      • Sydney NSW 2000
      • $128000

      SF1363 - Business For Sale - Restaurant Established over 40 years

      Restaurant - Bar - Pizzeria- takeaway - Under Management - City Fringe
      SBX Business Code: SF1363
      Restaurant - takeaway - pizza serving authentic Italian food cooked fresh daily for lunch, dinner and takeaway. - Suitable for groups, parties and celebrations. - Very good trade in takeaway pizzas. - Fully licensed with a large bar - Full kitchen - 50 seats inside and 6 seats outside.

      Potential
      Advertise and promote lunches and expand functions - Open more hours - Open on Saturday and Sunday for lunch - This business would make an ideal bar - Suit any cuisine or tapas bar. - Would also suit a motivated new owner or couple

      Features
      Fantastic corner position - Very well established business for over 40 years - Loyal clientele - Popular Saturday market nearby - Lots of foot traffic - Under Management

      Premises
      Heritage building with a full bar, reception area, toilets, storage area and an area of 180 sq. mtrs.

      Location
      Situated near theatres, university, markets, businesses and in a high density residential area in the City fringe.

      Trading Hours
      5.5 days - Mon. - Fri. - 11 a.m - 3 p.m. - 5 p.m. - 10 p.m. - Sat. - 5 p.m. - 10 p.m.

      Lease
      Current lease expires Jan .2021 + 5 + 5 year options - C. P.I. increases - 3 month bond

      Employees
      1 Manager + 2 fulltimers + 6 casuals

      Comments
      Misc 1 Other general expenses - 2. Outdoor seating - A new business park will be constructed nearby attracting new customers in the future - The managers wage 0f $800 p.w. has been removed from wages and shown in net profit! - A must to inspect but please be discreet
      Figures
      Weekly Sales $15100
      Rent (ex GST) $1500
      Wages $4300
      Profit $3595

      SBX Business Code: SF1363

      SBX Business Brokers - Sydney Business Exchange

      Business Highlights

      Business ID

      2013538911

      Last updated

      07 Nov 2018

      Category

      Restaurant, Food, Beverage & Hospitality

      Map for Sydney NSW 2000

      Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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