Visit this listing at https://www.sbx.com.au/business?id=G1736

Business Code: G1736

Key Features: Established 40 years - Netting $6986 p.w.

State: NSW

Suburb: North Sydney, 2060

Location: Well located in Lower North Shore CBD between the train station & 2 hotels & close to many major commercial businesses.

Description

Restaurant - Wine Bar - Cafe offering home-made traditional Italian cuisine for lunch (5 days) and dinner (6 nights) and coffee in mornings for the large foot traffic of morning train travellers. - The menu consists of a selection of pastas & risotto, salads and pizzas plus assorted mains & deserts - The restaurant is fully licensed with seating for approx. 70 people.

Summary

  • Features: Location location location - Huge passing foot traffic. - Established since 1965 - Regular clientelle. - No 1 on Trip Advisor for suburb. - Only 2 owners in the last 40 years. - Preferred Italian restaurant from nearby hotels.
  • Potential: Could add takeaway food. - Could open up at 6am for coffee & pastries to take advantage of early passing traffic. - Could do more Social Media marketing. - Could promote office catering.
  • Premises: This restaurant has an area of 113 sq. mt. including open dining area & espresso & wine bar and full kitchen.
  • Trading Hours: 5.5 days - Mon. - Fri. - 8 a.m. - 10 a.m. (coffee) and 11:30 a.m. - 2:30 p.m. (lunch) and 5:30 p.m. - 9:30 p.m. (dinner) including Saturday night.
  • Lease: 5 year lease + 5 year option commenced August 2016 - 6 months bond - 5% annual increases.
  • Employees: 2 owners + 2 fulltimers + 4 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$21,791

Cost of Goods

$5,329

Gross Profit

$16,462

Rent

$2,547

Wages

$4,223

Outgoings

$36

Telephone

$71

Insurance

$115

Electricity

$305

Misc1

$2,179

Total Expenses

$9,476

Estimated Stock (Additional)

$10,000

Net Profit

$6,986

Price

$348,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Italian Cuisine - Pizza

Business Code: G1736
Price: $348,000

Key Features: Established 40 years - Netting $6986 p.w.

State: NSW

Suburb: North Sydney, 2060

Location: Well located in Lower North Shore CBD between the train station & 2 hotels & close to many major commercial businesses.

Description

Restaurant - Wine Bar - Cafe offering home-made traditional Italian cuisine for lunch (5 days) and dinner (6 nights) and coffee in mornings for the large foot traffic of morning train travellers. - The menu consists of a selection of pastas & risotto, salads and pizzas plus assorted mains & deserts - The restaurant is fully licensed with seating for approx. 70 people.

Summary

  • Features: Location location location - Huge passing foot traffic. - Established since 1965 - Regular clientelle. - No 1 on Trip Advisor for suburb. - Only 2 owners in the last 40 years. - Preferred Italian restaurant from nearby hotels.
  • Potential: Could add takeaway food. - Could open up at 6am for coffee & pastries to take advantage of early passing traffic. - Could do more Social Media marketing. - Could promote office catering.
  • Premises: This restaurant has an area of 113 sq. mt. including open dining area & espresso & wine bar and full kitchen.
  • Trading Hours: 5.5 days - Mon. - Fri. - 8 a.m. - 10 a.m. (coffee) and 11:30 a.m. - 2:30 p.m. (lunch) and 5:30 p.m. - 9:30 p.m. (dinner) including Saturday night.
  • Lease: 5 year lease + 5 year option commenced August 2016 - 6 months bond - 5% annual increases.
  • Employees: 2 owners + 2 fulltimers + 4 casuals
  • Sale Reason: Owners have other business interests and need time with young family.
  • Comments: Misc.- 1 - GST payments. - One of the owners would be willing to stay on for 1 month to train a new operator and assist with the transition. - Takings $22k p.w. & netting 2 owners $7000 p.w..

Weekly Summary

Weekly Takings
(inc GST)

$21,791

Cost of Goods

$5,329

Gross Profit

$16,462

Rent (ex GST)

$2,547

Wages

$4,223

Outgoings

$36

Telephone

$71

Insurance

$115

Electricity

$305

Misc1

$2,179

Total Expenses

$9,476

Estimated Stock (Additional)

$10,000

Net Profit

$6,986

Price

$348,000

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