Internal Ref: DP1003
Summary
SBX Code: DP1003 - Well known and popular -Trading for approx. 17 years. -Takings $21,000 p.w. - Long lease available to approved tenants.
Rent
$1,117 pw
Net Profit
$4,453 pw
Location Details
Well-positioned in an established & highly popular Lower North Shore hospitality precinct.
Potential
Significant opportunity exists for a new owner to build on the strong foundations already established. Current trading is concentrated around evening service, with the restaurant generally operating for only approx, 4.5 hours per night. -There is considerable scope to increase revenue through extended trading hours, additional lunch service, expanded takeaway & delivery, and increased functions and catering private events.
Hours
7 days - Sunday to Thursday - 5 p.m. to 9 p.m. - Friday to Saturday - 5 p.m. to 930 p.m.
Lease
5 + 5 + 5 years lease commenced Jan. 2025 - 3 month bond & annual CPI increases . Full lease av
Employees
1 owner + 1 full timer + 7 casuals
About the Business
Restaurant - Italian Cuisine - Takeaway - Lower North Shore
SBX Code: DP1003
Highly regarded & long-established Italian restaurant with approx. 17 years of trading history and a loyal base of regular customers. The business is known for its authentic Italian cuisine including pasta, risotto, seafood, veal, chicken, steak, salads, sides, desserts, traditional wood-fired Neapolitan pizza and genuine hospitality. It is fully licensed and has seating for approx. 80 people upstairs and downstairs. A significant strength is the established clientele, including regular customers from high-profile circles, providing the business with a strong reputation and valuable repeat trade.
The operation offers multiple revenue streams across dine-in, takeaway, online orders and functions, supported by a fully licensed venue and established food & beverage offering.
Features
Approx. 17 years of successful trading, with an established reputation & loyal base of regular customers, including high-profile clientele. - The restaurant offers authentic Italian cuisine supported by quality restaurant premises & fit-out.
Premises
Impressive & well-presented restaurant premises with an area of 240 sq. mts. offering a welcoming dining environment with a quality commercial kitchen, traditional wood-fired pizza facilities and attractive dining areas suited to both regular dining and special occasions, with additional capacity for functions and private events.
Comments
A rare opportunity to acquire a well-established & highly regarded Italian restaurant with approximately 17 years of successful trading history, a loyal customer base & an enviable reputation. The business provides a strong foundation for an incoming owner, with further potential to build on its established success. The current rent shown reflects a 40% reduction from the original rental amount, with the continuation of this reduced rent subject to negotiation between the incoming owner & landlord.
SBX Code: DP1003
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