Internal Ref: La Capannina
Summary
This ristorante magnifico is uniquely positioned in Bradfield Park & boasting spectacular views of Sydney’s’ iconic Harbour Bridge. Located 10 minutes’ from Sydney’s CBD
Revenue
$800,000 pa
Rent
$85,000 pa
Net Profit
$190,000 pa
Location Details
41 Alfred Street South, MILSONS POINT
La Capannina is uniquely positioned in Bradfield Park & boasting spectacular views of Sydney’s’ iconic Harbour Bridge. Luna Park is just a stroll down the road – as is the famous North Sydney Olympic Swimming Pool.
Potential
• Has been recognised by many as being the best Italian Restaurants in the North Sydney area.
• Enjoys a prime location in Milson’s Point/Kirribilli – close to Milsons Point Station and the Kirribilli Ferry Wharf
• The restaurant is well located to attract both residential and commercial customers.
• Kirribilli is fast becoming one of the major dining precincts on Sydney’s lower North Shore
• LA CAPPANINA was established 2011 and has operated successfully since inception – but this site has long been a restaurant site.
Skills
• There is a great deal of street parking near to the restaurants – day and night
• This is a profitable business which operates with a minimum of staff.
• This is a significant close to the central North Sydney Italian
• Customers come for the food and the service. Many of them and regularly.
• Fully equipped and easily operating
• Business offers an excellent work/life balance.
Hours
Current Trading hours: Lunch: Friday
Dinner: Tuesday to Saturday
Closed: Sunday and Monday
Lease
LEASE COMMENCED: 1st July 2023
LEASE TERMINATES: 30th June 2028
OPTION:NEW 1 X 5 year lease for new operator
Employees
Kitchen: 1 Full time chef + 1 Full time Cook + 1 Casual Cook + 2 casual Kitchen hands
Front of House: Operates with 3 Casual wait staff plus owner
Reason for Sale
Owners have decided that after a life time in the restaurant business – it is now time to retire and enjoy their grandchildren.
About the Business
Effortlessly combines its iconic Australian location with a taste of modern Italian cuisine. All ingredients are locally sourced and made from the freshest produce. Fruit & vegetables are hand-picked by the chefs directly from local farmers at the Sydney Produce Markets. Fish is carefully picked by Lino daily from De Costi Seafood’s at the Sydney Fish Markets. All pasta is made fresh daily by the talented chefs, such as Gnocchi, Squid Ink Tagliolini, Pappardelle and Ravioli and desserts are baked daily, with our home made Cannoli & Tiramisu being among the most popular desserts on the menu. A secret family recipe past down from generations in Capri makes the Torta Caprese a must try!
ASKING PRICE HAS BEEN REDUCED TO $135,000 plus STOCK.
History
This restaurantwas opened in 2011. Chosen because of the location and of the sensational views of Sydney’s iconic Harbour Bridge, Nestled within Bradfield Park, the restaurant offers diners a modern atmosphere with AUTHENTIC ITALIAN cuisine & spectacular Harbour Bridge views.
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