Visit this listing at https://www.sbx.com.au/business?id=GNGDS1043

Business Code: GNGDS1043

Key Features: Restaurant - Italian Cuisine - Very well known - Victoria North - Bargain

State: VIC

Suburb: Wodonga, 3690

Location: Situated on the corner of the main intersection of town linking 2 main roads in and out of town in Victoria North.

Description

Restaurant serving traditional Italian cuisine including a wide variety of fresh home made pasta, tender veal dishes, pizza, and their famous fish dish - A wide variety of boutique local wines to accompany the delicious meals and pizzas. - 110 seats inside - 70 seats outside - 2 gas pizza ovens - 3 cool rooms.

Summary

  • Features: Large separate dining areas - Traditional popular restaurant which is constantly booked out. -Well established and well known.
  • Potential: Huge demand for breakfast and lunch which would double the weekly takings - . Make use of the rustic room at back by converting some of storage area into a distillery / brewery. - The addition of a piano to make the bar area a cocktail bar.
  • Premises: Large glass frontage facing both main roads with 4 separate dining areas, large function area for group bookings and corporate gatherings and an area of 450 sq. mts.
  • Trading Hours: 5 days - Tues. - Sat. - 5 p.m. - 10 p.m.
  • Lease: 5 + 5 + 5 year lease commenced Nov. 2019 - 1 month bond - CPI increases.
  • Employees: 2 owners + 6 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$19,000

Cost of Goods

$4,500

Gross Profit

$14,500

Rent

$1,615

Wages

$3,000

Telephone

$65

Insurance

$150

Electricity

$300

Gas

$100

Total Expenses

$5,230

Estimated Stock (Additional)

$20,000

Equipment (Included)

$300,000

Net Profit

$9,270

Price

$349,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Restaurant - Italian Cuisine - Pizza

Business Code: GNGDS1043
Price: $349,000
+ Estimated SAV $20,000

Key Features: Restaurant - Italian Cuisine - Very well known - Victoria North - Bargain

State: VIC

Suburb: Wodonga, 3690

Location: Situated on the corner of the main intersection of town linking 2 main roads in and out of town in Victoria North.

Description

Restaurant serving traditional Italian cuisine including a wide variety of fresh home made pasta, tender veal dishes, pizza, and their famous fish dish - A wide variety of boutique local wines to accompany the delicious meals and pizzas. - 110 seats inside - 70 seats outside - 2 gas pizza ovens - 3 cool rooms.

Summary

  • Features: Large separate dining areas - Traditional popular restaurant which is constantly booked out. -Well established and well known.
  • Potential: Huge demand for breakfast and lunch which would double the weekly takings - . Make use of the rustic room at back by converting some of storage area into a distillery / brewery. - The addition of a piano to make the bar area a cocktail bar.
  • Premises: Large glass frontage facing both main roads with 4 separate dining areas, large function area for group bookings and corporate gatherings and an area of 450 sq. mts.
  • Trading Hours: 5 days - Tues. - Sat. - 5 p.m. - 10 p.m.
  • Lease: 5 + 5 + 5 year lease commenced Nov. 2019 - 1 month bond - CPI increases.
  • Employees: 2 owners + 6 casuals
  • Sale Reason: Retirement
  • Comments: Great council, very supportive and helpful to local business.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$19,000

Cost of Goods

$4,500

Gross Profit

$14,500

Rent (ex GST)

$1,615

Wages

$3,000

Telephone

$65

Insurance

$150

Electricity

$300

Gas

$100

Total Expenses

$5,230

Estimated Stock (Additional)

$20,000

Equipment (Included)

$300,000

Net Profit

$9,270

Price

$349,000
+ Estimated SAV $20,000

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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.