Authentic Italian Restaurant in Prime Northwest Sydney Location

6 days ago

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Internal Ref: 20460941

Summary

A charming, well-established Italian restaurant serving authentic Italian cuisine, in a prime town-centre location.

Location Details

Operates out of a tastefully renovated, heritage cottage in close proximity to the main shopping centre and busy town.

Potential

There are excellent opportunities for growth, particularly around an expansion of its current trading hours to include additional lunch services.

Skills

This business would suit a buyer with experience in hospitality, who is looking for an established and well-regarded business. There is the option of stepping into the current owner's hands-off role or taking on a more active role in the business as an involved owner-operator.

Hours

Tuesday to Saturday 5:30 - 9:00pm
Sunday 12:00 - 3:00pm

Lease

Lease expiry January 2020
1 x 5-year option

Employees

12 x Staff members

About the Business

The business occupies a good-sized site that seats approx. 90 patrons across internal and external seating and multiple rooms. The premises are a charming heritage cottage, located in a corner location with ample foot traffic and parking. The restaurant has been located in the same building since inception, ensuring it is well known and a key part of the local community.


Key facts about this business:

- Authentic Italian pasta, risotto and meat and seafood dishes with seasonal offerings
- A la carte menu and a set menu for large groups
- Fully licensed and BYO
- Excellent reputation and popular business that is an integral part of its local community
- Lease expiring in 2020 plus an option for an additional 5 years
- Profitable business with opportunities to extend opening hours


History:

Established in 2004



For more information on this opportunity, please contact the undersigned:

Nick Poulos
Business Sales Specialist
Mentored Business Sales, Corporate Business Sales & Acquisitions
M: 0410 076 114 T: 1800 858 696 E: npoulos@mentored.com.au


Disclaimer:
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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