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Restaurant - Italian Cuisine - Pizza - Well known

Business for Sale
Restaurant - Italian Cuisine - Pizza - Well known
NSW

Restaurant - Italian Cuisine - Pizza - Lower North Shore - Agent SBX Code Number: F3125 Restaurant serving classic Italian cuisine done beautifully and extremely popular with the locals. - Sel...

Price $400,000.00

Restaurant - Italian Cuisine - Pizza - Well known

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Restaurant - Italian Cuisine - Pizza - Lower North Shore - Agent SBX Code Number: F3125



Restaurant serving classic Italian cuisine done beautifully and extremely popular with the locals. - Selling gourmet pizza, pasta and classic Italian mains, plus popular banquet menus. - This restaurant has established an enviable reputation in the local area for quality Italian food. - The owners do not do any of the cooking and some of the key staff have worked in the restaurant for some years which is a great selling point for a new owner. - Takeaway available - 34 seats outside - 66 seats inside.The vendor is prepared to negotiate the selling price with serious buyers showing interest.Long term staff



Potential

Could open on Sundays amd Public Holidays (Current owners choose not to trade) - Can extend trading hours Monday to Saturday 300 p.m to 530 p.m. - 3,500 new apartments currently under construction close by.



Features

Established many years. - Long lease. - Low food costs. - Newly renovated restrooms and dining area. Long term staff.



Premises

This business has an area of 150 sq. mts. including full kitchen, walk in cool room and freezer. Rear lane access for deliveries.



Location

Prime street front location on popular Lower North Shore eat street.



Trading Hours

6 days - Mon. to Sat. - 12 p.m. to 3 p.m. and 5.30 p.m. to 10 p.m.



Lease

5 year lease expires 11.2018 + a further 5 year option. - C.P.I annual rental increases



Employees

Two owners ( although only one owner working at any given time) + 2 chefs + 1 kitchen hand + 1 dishwasher plus casuals as required.



Comments

Misc. - 2 is payment for outdoor seating. - Buying goods in bulk keeps the food costs low. - The business enjoys a very positive cash flow . -The business could benefit from a new enthusiastic owner operator to take the reins and implement new marketing strategies on social media. - First time on the market and a must to inspect. - Same owner 15 years and only 2 owners since 1985. - New proposed Metro station 5 minutes away. Staff - chef has worked in the restaurant for 9 years , pizza chef 8 years ,some waiters have worked at the restaurant 2 to 4 years .



Agent SBX Code Number: F3125 - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 163248
SBX ID: F3125




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