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Restaurant - Cafe - Bar - Italian Cuisine - Restaurant...

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Restaurant - Cafe - Bar - Italian Cuisine - Restaurant - Sales $25,000 p.w - Bar - Italian - South Sydney Profit $6432 p.w
Botany NSW

Restaurant - Cafe - Bar - Italian Cuisine - South Sydney - Agent SBX Code Number: FK1038F Restaurant serving Italian cuisine serving a range of pizza, pastas and a number of mains inclu...

Price $199,000.00

Restaurant - Cafe - Bar - Italian Cuisine - Restaurant - Sales $25,000 p.w - Bar - Italian - South Sydney Profit $6432 p.w

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Restaurant - Cafe - Bar - Italian Cuisine - South Sydney - Agent SBX Code Number: FK1038F

Restaurant serving Italian cuisine serving a range of pizza, pastas and a number of mains including entrees such as garlic prawns and mains featuring various meat and seafood dishes. - Licenced venue serving wines, beers and spirits including cocktails and appertifs. - Also has a coffee machine owned by business as well as fully fitted kitchen with grease trap and deep fryer. - Cocktail lounge is also widely used for functions. - Licencing allows for alcohol to be served without food.

Potential

Increase trading to 7 days to boost turnover- Bring in both online and in house delivery services. - More marketing to local residents as well as lots of additional catering and function potential for business.

Features

Impressive new fit-out - Fully equipped - Excellent lease - Very highly reviewed on Google, Trip Adviser and other social media sites. - Very strong social media presence with over 1,200 followers on Facebook. - No direct competition in the area.

Premises

Premises has dining and bar in front and private function / cocktail lounge area in back, 2 bathrooms, full storage rooms on premises and an area of 120 sq. mts.

Location

Busy high street location in area with enormous development and population density growth.

Trading Hours

5 days - Tues. - Fri. - 12 p.m. - 3 p.m. & 5 p.m.- 10 p.m. - Sat. - 5 p.m. - 11 p.m. - Sun. - Mon. Closed

Lease

Current lease expires March, 2020 + 4 + 4 year options. - 3 month bank guarantee - CPI% rent increases.

Employees

1 fulltime owner + 1 parttime owner + 11 casuals

Comments

Upstairs 2 bedroom residence included in lease and currently rented at $400 p.w. (deducted from rental expense above). - Can also suit owner operator who wants to live on premises. - Owner is also willing to stay on if required for transitional period after settlement. - Full financials are available.- Inspection is a must- This business is 457 sponsorship approved.

Agent SBX Code Number: FK1038F - Sydney Business Exchange

Contact Seller

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 261109
SBX ID: FK1038F




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