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Beautiful 5-Day Pizza Restaurant with Huge Kitchen & Frontage | MAS242
Summary
An exciting opportunity to own an established hospitality business in a prime Newtown location!
Revenue
$950,000 pa
Location Details
King street
Prime location with courtyard hard to find in Newtown
Potential
Established café and restaurant in the heart of Newtown on busy King Street, offering an excellent opportunity for an owner-operator or investor. Featuring indoor dining, a front dining area, courtyard seating and an upstairs living area, the business has strong potential to grow through social media marketing, catering, private functions, takeaway and delivery. A new owner can continue the existing concept or introduce their own brand and vision.
Hours
The business currently operates during the following hours
Monday: 9:00 am – 4:00 pm Tuesday – Sunday: 9:00 am –9:00 pm
Lease
Existing lease arrangements, with landlord agreeing to renewal of 3+3
Employees
The business currently operates with an established team of seven employees:
* 1 manager
* 2 floor staff
* 2 chefs
* 1 kitchen hand
The team includes a mix of casual and part-time employees, with two full-time employees.
Reason for Sale
The business is being sold due to personal health reasons. This is a great opportunity for a new owner to take over an established Newtown café and restaurant with a long-standing presence on King Street and further develop its potential.
About the Business
Ferah Café & Restaurant is a family-owned business that has been operating for 15 years, with the premises located on Newtown’s iconic King Street for 23 years. The business has an established presence in the local community and offers a welcoming dining experience serving Turkish and Australian-inspired food. This is an excellent opportunity to take over a long-standing hospitality business in a popular Inner West location.
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