Sydney CBD
NSW
$200,000
Under Management- Pasta / Wine Bar CBD LocationPrice: $290,000Net Profit: $3,484 |
Visit this listing at https://www.sbx.com.au/business?id=PM1069 |
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Business Code: PM1069 Key Features: Italian Pasta & Wine Bar - Prime CBD location - Fully Managed - Nets $3,500 p.w. State: NSW Location: One of the best dining & bar locations in the Sydney CBD for lunch & after work socialising. DescriptionItalian Restaurant & Wine Bar in prime CBD location - Italian by name and cosmopolitan by nature this Pasta and Wine Bar serves up traditional fare to Sydneysiders from a major Shopping Centre in the city - This is one of a few places diners can delve into handmade pasta in a foodcourt environment, as well as dine inside the restaurant with its distinctive trendy black and white furniture and mosaic tiled barn - Gourmet delights abound at the delicatessen counter including long strands of hanging pasta, cooked to order with guest's sauce of choice or an antipasto platter of cured meats, Italian cheeses and marinated vegetables, plus fettuccine with Napoli sauce, tomato and garlic - Also serving a selection of panini and baguettes that may appeal to those on the go. 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)$33,197Cost of Goods$8,330Gross Profit$24,867Rent$6,142Wages$13,000Outgoings$328Telephone$25Insurance$115Electricity$576Gas$59Misc1$533Misc2$605Total Expenses$21,383Estimated Stock (Additional)$15,000Equipment (Included)$150,000Net Profit$3,484Price$290,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Under Management- Pasta / Wine Bar CBD Location
Business Code: PM1069Price: $290,000
+ Estimated Stock (SAV) $15,000
Key Features: Italian Pasta & Wine Bar - Prime CBD location - Fully Managed - Nets $3,500 p.w.
State: NSW
Location: One of the best dining & bar locations in the Sydney CBD for lunch & after work socialising.
Business Overview
Italian Restaurant & Wine Bar in prime CBD location - Italian by name and cosmopolitan by nature this Pasta and Wine Bar serves up traditional fare to Sydneysiders from a major Shopping Centre in the city - This is one of a few places diners can delve into handmade pasta in a foodcourt environment, as well as dine inside the restaurant with its distinctive trendy black and white furniture and mosaic tiled barn - Gourmet delights abound at the delicatessen counter including long strands of hanging pasta, cooked to order with guest's sauce of choice or an antipasto platter of cured meats, Italian cheeses and marinated vegetables, plus fettuccine with Napoli sauce, tomato and garlic - Also serving a selection of panini and baguettes that may appeal to those on the go.
Summary
- Key Features: Busy & well established restaurant & bar with fantastic reputation. - Great CBD location. - Great fit out - All the hard work has been done - Fully managed.
- Potential: Huge potential for a hands on owner / operator to build this business & reduce wages and improve the already great profit - Big potential to open for breakfast Monday to Friday -
- Premises: This wine bar & restaurant has an area of 99.5 sq mts plus a large outdoor seating & mingling area with a bar license. OriginaL fit-out cost was $650,000.
- Trading Hours: 7 days - Monday, Tuesday, Wednesday: 11 am to 3 pm. Thursday: 11 am to 9 pm. Friday: 11 am to 4 pm. Saturday: 11 am to 5 pm. Sunday: 11 am to 5 pm
- Lease: Current 8 year lease expires 20 April 2027 - Bond is 3 months ($64,480.69) - Current owner has spoken with Westfield and they would consider providing an option for the right purchaser.
- Employees: 3 full-time, 6 part-time & 4 casual.
- Sale Reason: Retirement
- Comments: Misc - 1 - Storage room rent - Misc - 2 - Misc Expenses
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
$33,197
Cost of Goods
$8,330
Gross Profit
$24,867
Rent (ex GST)
$6,142
Wages
$13,000
Outgoings
$328
Telephone
$25
Insurance
$115
Electricity
$576
Gas
$59
Misc1
$533
Misc2
$605
Total Expenses
$21,383
Estimated Stock (Additional)
$15,000
Equipment (Included)
$150,000
Net Profit
$3,484
Price
$290,000
+ Estimated Stock (SAV) $15,000
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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.