City Fringe
NSW
$140,000
Restaurant - Italian Cuisine - TakeawayPrice: $240,000Net Profit: $3,000 |
Visit this listing at https://www.sbx.com.au/business?id=F3395 |
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Business Code: F3395 Key Features: Restaurant - takeaway - Italian Cuisine - Upper North Shore Syd Sales $15000 pw State: NSW Location: This restaurant is well located on Sydney’s Upper North Shore opposite a major railway station and available parking nearby. DescriptionRestaurant serving traditional Italian cuisine with a modern touch. Trading one lunch and six dinners. The menu includes seafood dishes, chicken, veal, pizza and pasta, as well as original chef specials on the weekends. For those customers with a sweet tooth, their selection of desserts are all homemade. It also caters for vegetarian friendly, vegan and gluten free options and also has takeaway options. An intimate atmosphere brought on by fairy lights and rustic brick makes the evening enjoyable for all customers. Rave reviews on social media. Seating for approx. 60 - 70 people with potential for more. Weekly sales range between $16,000 to $14,000 p.w. Only Italian restaurant in the local area.The business was established in 06.2015 by the current owners. Summary
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 
Weekly SummaryWeekly Takings (inc GST)$15,000Cost of Goods$4,510Gross Profit$10,490Rent$1,358Wages$4,500Telephone$30Insurance$112Electricity$300Gas$250Misc1$940Total Expenses$7,490Estimated Stock (Additional)$5,000Net Profit$3,000Price$240,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Restaurant - Italian Cuisine - Takeaway
Business Code: F3395Price: $240,000
+ Estimated Stock (SAV) $5,000
Key Features: Restaurant - takeaway - Italian Cuisine - Upper North Shore Syd Sales $15000 pw
State: NSW
Location: This restaurant is well located on Sydney’s Upper North Shore opposite a major railway station and available parking nearby.
Description
Restaurant serving traditional Italian cuisine with a modern touch. Trading one lunch and six dinners. The menu includes seafood dishes, chicken, veal, pizza and pasta, as well as original chef specials on the weekends. For those customers with a sweet tooth, their selection of desserts are all homemade. It also caters for vegetarian friendly, vegan and gluten free options and also has takeaway options. An intimate atmosphere brought on by fairy lights and rustic brick makes the evening enjoyable for all customers. Rave reviews on social media. Seating for approx. 60 - 70 people with potential for more. Weekly sales range between $16,000 to $14,000 p.w. Only Italian restaurant in the local area.The business was established in 06.2015 by the current owners.
Summary
- Features: Wheelchair Accessible. Very popular with locals. Extremely good google reviews. Great location. Low weekly rent. Fully fitted out. Great reputation. No competition.
- Potential: Currently only trading 6 nights and 1 lunch. Potential to open 7 days, breakfast, lunch and dinner - could add more seating - would suit any cuisine depending on the type of an food. The business can also trade as a bar by applying for a different type of liquor licence.
- Premises: Fully fitted restaurant and dining area in excellent condition with an area of approx. 85 sq. mts.
- Trading Hours: 6 days - Tues. - Sun. - 5:30 p.m. approx. 10 p.m. - Friday lunch 11.30 am to 3pm - Closed on Mondays .
- Lease: Current lease commenced May, 2015 and expires March 2025 with a further 5 year option. - 4 % annual. rental increases - $16500 bond - Outgoings are included in the weekly rent
- Employees: 1 owner + 2 chefs + 1 pizza maker + 1 kitchen hand + casuals as required
- Sale Reason: Other business interests .
- Comments: The landlord is keen to continue to lease the property as it is an investment property. Use of the business name is subject to negotiation between both vendor and purchaser.- Interested parties are not to approach the owner or staff of the business. Please contact your SBX broker for further information.
Misc.-1 - includes gst, accountant fees etc
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.
Weekly Summary
Figures include GST unless stated otherwise
Weekly Takings
$15,000
Cost of Goods
$4,510
Gross Profit
$10,490
Rent (ex GST)
$1,358
Wages
$4,500
Telephone
$30
Insurance
$112
Electricity
$300
Gas
$250
Misc1
$940
Total Expenses
$7,490
Estimated Stock (Additional)
$5,000
Net Profit
$3,000
Price
$240,000
+ Estimated Stock (SAV) $5,000
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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.