Visit this listing at https://www.sbx.com.au/business?id=FK1038

Business Code: FK1038

Key Features: Great business

State: NSW

Suburb: Botany, 2019

Location: Busy high street location in area with enormous development and population density growth.

Description

Restaurant serving Italian cuisine serving a range of pizza, pastas and a number of mains including entrees such as garlic prawns and mains featuring various meat and seafood dishes. - Licenced venue serving wines, beers and spirits including cocktails and appertifs. - Also has a coffee machine owned by business as well as fully fitted kitchen with grease trap and deep fryer. - Cocktail lounge is also widely used for functions. - Licencing allows for alcohol to be served without food.

Summary

  • Features: Impressive new fit-out - Fully equipped - Excellent lease - Very highly reviewed on Google, Trip Adviser and other social media sites. - Very strong social media presence with over 1,200 followers on Facebook. - No direct competition in the area.
  • Potential: Increase trading to 7 days to boost turnover- Bring in both online and in house delivery services. - More marketing to local residents as well as lots of additional catering and function potential for business.
  • Premises: Premises has dining and bar in front and private function / cocktail lounge area in back, 2 bathrooms, full storage rooms on premises and an area of 120 sq. mts.
  • Trading Hours: 5 days - Tues. - Fri. - 12 p.m. - 3 p.m. & 5 p.m.- 10 p.m. - Sat. - 5 p.m. - 11 p.m. - Sun. - Mon. Closed
  • Lease: Current lease expires March, 2020 + 4 + 4 year options. - 3 month bank guarantee - CPI% rent increases.
  • Employees: 1 fulltime owner + 1 parttime owner + 11 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$25,000

Cost of Goods

$8,000

Gross Profit

$17,000

Rent

$1,470

Wages

$8,000

Outgoings

$107

Telephone

$20

Insurance

$94

Electricity

$327

Gas

$350

Misc1

$200

Total Expenses

$10,568

Estimated Stock (Additional)

$10,000

Equipment (Included)

$200,000

Net Profit

$6,432

Price

$199,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Cafe - Bar - Italian Cuisine

Business Code: FK1038
Price: $199,000

Key Features: Great business

State: NSW

Suburb: Botany, 2019

Location: Busy high street location in area with enormous development and population density growth.

Description

Restaurant serving Italian cuisine serving a range of pizza, pastas and a number of mains including entrees such as garlic prawns and mains featuring various meat and seafood dishes. - Licenced venue serving wines, beers and spirits including cocktails and appertifs. - Also has a coffee machine owned by business as well as fully fitted kitchen with grease trap and deep fryer. - Cocktail lounge is also widely used for functions. - Licencing allows for alcohol to be served without food.

Summary

  • Features: Impressive new fit-out - Fully equipped - Excellent lease - Very highly reviewed on Google, Trip Adviser and other social media sites. - Very strong social media presence with over 1,200 followers on Facebook. - No direct competition in the area.
  • Potential: Increase trading to 7 days to boost turnover- Bring in both online and in house delivery services. - More marketing to local residents as well as lots of additional catering and function potential for business.
  • Premises: Premises has dining and bar in front and private function / cocktail lounge area in back, 2 bathrooms, full storage rooms on premises and an area of 120 sq. mts.
  • Trading Hours: 5 days - Tues. - Fri. - 12 p.m. - 3 p.m. & 5 p.m.- 10 p.m. - Sat. - 5 p.m. - 11 p.m. - Sun. - Mon. Closed
  • Lease: Current lease expires March, 2020 + 4 + 4 year options. - 3 month bank guarantee - CPI% rent increases.
  • Employees: 1 fulltime owner + 1 parttime owner + 11 casuals
  • Sale Reason: Owners have other business commitments.
  • Comments: Upstairs 2 bedroom residence included in lease and currently rented at $400 p.w. (deducted from rental expense above). - Can also suit owner operator who wants to live on premises. - Owner is also willing to stay on if required for transitional period after settlement. - Full financials are available.- Inspection is a must-
    This business is 457 sponsorship approved.

Weekly Summary

Weekly Takings
(inc GST)

$25,000

Cost of Goods

$8,000

Gross Profit

$17,000

Rent (ex GST)

$1,470

Wages

$8,000

Outgoings

$107

Telephone

$20

Insurance

$94

Electricity

$327

Gas

$350

Misc1

$200

Total Expenses

$10,568

Estimated Stock (Additional)

$10,000

Equipment (Included)

$200,000

Net Profit

$6,432

Price

$199,000

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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.