Restaurant - Sales $32,415 p.w - Italian Cuisine - Eastern Suburbs - 6 dinners

8 days ago

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Internal Ref: G1710

Summary

SBX Code: G1710 - Profit $12,595 p.w on the books - Two owners in last 35 years. - Regular Clientele - Showing excellent financials - Great opportunity for an experienced restauranteur.

Rent

$130,520 pa

Net Profit

$654,940 pa

Location Details

Prime location in a very upmarket Eastern Suburbs shopping village & dining destination.

Potential

Could open Monday evenings and for lunch on Thursday - Sunday. - Could do more Social Media marketing. - Could promote more functions to sell upstairs area. - Permitted to trade breakfast, lunch & dinner.

Hours

6 nights - Tues. - Sun. - 5.00 p.m. - 10.00 p.m.- (last orders) - (Closed Mondays)

Lease

5 year lease commenced April 2019. - Bond $25,000 Bank Guarantee. - 2.5% Annual Increases

Employees

2 owners + 2 fulltimers + 8 casuals

About the Business

Restaurant - Italian Cuisine - Eastern Suburbs

SBX Code: G1710
Restaurant - offering home-made traditional Italian cuisine. - This traditional Italian family restaurant has been an institution in the Eastern suburbs for the last 35 years. - The menu consists of Pane, Zuppa, a selection of Antipasti, Ciccetti, Mozzarellas, Pastas, a selection of Secondi and Contorni. - The restaurant is fully licensed (No BYO) and seating for approx. 147 people.

Potential
Could open Monday evenings and for lunch on Thursday - Sunday. - Could do more Social Media marketing. - Could promote more functions to sell upstairs area. - Permitted to trade breakfast, lunch & dinner.

Features
Eastern Suburbs Icon. - Well established, consistent business. - Only 2 owners over the last 35 years. - Regular & loyal clientelle. - Solid business showing excellent financials. - Great opportunity for an experienced restauranteur. - 6 nights trading only

Premises
This 2 storey restaurant has an area of approx. 250 sq. mts. including ground floor, an upstairs room & a rear courtyard area.

Location
Prime location in a very upmarket Eastern Suburbs shopping village & dining destination.

Trading Hours
6 nights - Tues. - Sun. - 5.00 p.m. - 10.00 p.m.- (last orders) - (Closed Mondays)

Lease
5 year lease commenced April 2019. - Bond $25,000 Bank Guarantee. - 2.5% Annual Increases

Employees
2 owners + 2 fulltimers + 8 casuals

Comments
Please note that this information has been taken directly from accountants 2018 FY P&Ls and therefore sales are exclusive of GST.

SBX Code: G1710

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