Price Reduction - Refined Italian dishes in a smart harbourside locale

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Internal Ref: 12052019

Summary

Established circa 2007 by the current owner. The business currently operates as an upmarket Italian restaurant, located in a prime waterfront location in Newcastle.

Location Details

The location is prime both within Newcastle and also within The Boardwalk - it has stunning harbour views.

Potential

Prime stunning location in a popular area in Newcastle that attracts locals and visitors. Continue as an Italian restaurant and bring their own flair to the menu.

Hours

Trading 7 days a week across lunch and dinner.

Employees

2 x Full time
4 x Casual

Reason for Sale

The owner has recently become ill and has had to step back from the business lately. This has influenced the owner's decision to put the business in the market and allow a new owner to take this and benefit from the key location and smartly appointed premises.

About the Business

An established Italian restaurant with indoor and outdoor setting located in a prime waterfront location in Newcastle, overlooking the harbour. Offering modern and traditional Italian cuisine cooked to ensure authentic flavours and pairings. Broad variety a range of handcrafted homemade pastas.


Key facts about this business:

- Established circa 2007, situated in large premises in "The Boardwalk" on the harbourfront in Newcastle, a popular, upmarket, modern, retail, residential and commercial precinct.
- The Honeysuckle, foreshore, where the restaurant is situated, boasts wide promenades, landscaping and multiple gathering points and public areas - it has been the focus of significant redevelopment over the last 25 years culminating in a popular tourist and recreation area, closed to the CBD.

- The premises have indoor and outdoor seating with stunning harbour views.

- Beautifully fitted out, designed to have a comfortable, upmarket, Italian feel that transports you to the traditional restaurants of Italy.

- Seating that can accommodate approx. 150 patrons altogether, the premises can accommodate large groups and functions, as well as providing a welcoming atmosphere for more intimate dining.

- Trading 7 days a week across lunch and dinner.

- Currently on a short lease, a new owner can negotiate a longer lease with a landlord.

- Fully licensed to serve a selection beers, wines and spirits.

- An extremely popular area with high foot traffic as The Boardwalk is a busy dining area that makes the most of the harbour location which provides locals and visitors with beautiful views of the Hunter River as they stroll along the front.


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


FOR SALE BY VENDOR

Or

Allsales Business Consulting & Business Sales
T: 1800 858 696 E: support@allsales.biz

For more details go to www.allbizsales.com and complete our online confidentiality agreement. Use the reference ID 12052019 to search for the business.

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, director’s 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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