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Restaurant business for sale in Sydney

  • Restaurant
  • Sydney NSW 2000
  • $295,000 (GST na)

SFG1035 - Business For Sale - Restaurant Cafe - Italian Restaurant - $3200 Weekly Nett- Upper North Shore - Seats 68

Cafe - Restaurant - Italian Cuisine - Upper North Shore
SBX Business Code: SFG1035
Restaurant - cafe - currently only trading for dinner serving classic italian cusine with a seafood emphasis. - Excellent loyal suppliers provide quality produce yet the restaurants cost of goods is only 21% of turnover.- Specials change regularly with seafood and pasta prominent. - The business features a fully equipped excellent kitchen and the ample counter area within the restaurant prominently displays the fully owned coffee machine. -Suspended trestles within the pitched ceiling display potted flora adding to the overall feel of the space. - Fully licensed - 48 seats inside - 20 seats outside.

Potential
Daytime cafe operation will double turnover.- Capture early morning coffee trade.- Open for brunch and lunch - Business is fully set up for daytime cafe operation.

Features
Very well established. - Loyal clientele - Excellent reputation. - Quality suppliers. Stable staffing. - No additional fee or rent for alfresco dining area. - Excellent website - Limited competition.

Premises
Light filled open space with pitched ceiling producing a casual refined ambience with alfresco seating comprising 80 sq. mts.

Location
Conveniently located on main arterial road in a small suburban shopping centre featuring a supermarket on Upper North Shore.

Trading Hours
7 days - 6 p.m. to late

Lease
Current lease expires August 2028. - C.P.I. increases - 3 month security deposit.

Employees
1 owner, + 1 fulltime chef + 4 casuals

Comments
Misc.- 1 - Sundry expenses and GST. - This is rare opportunity to acquire a landmark Upper North Shore restaurant with an enviable reputation and a long history of profitable consistent trading. - The premises are less than 50% utilised so the opportunity exists to turn the business into a significant cash flow by opening during the day as a cafe with classic light meals and sweets and making use of the under utilised prominent coffee machine. - The premises large wrap around glass and airiness would suit a cafe operation more so than its already extremely successful evening restaurant offering. - Trading well during Covid.
Figures
Weekly Sales $9200
Rent (ex GST) $1410
Wages $2000
Profit $3260

SBX Business Code: SFG1035

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Business ID2015693024
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Last updated  29 Sep 2019
Map for Sydney NSW 2000
Map for Sydney NSW 2000Sydney NSW 2000
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Business Highlights

Business ID2015693024
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  29 Sep 2019
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Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065
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