Restaurant - Pizza - Italian Cuisine - Takeaway

Business Code: F3212


Key Features: Great business

State: NSW

Location: Prime street front location of busy beach side suburb well known with tourists.

Description

Restaurant serving authentic Italian cuisine including starters, salads, meatballs, salads, pizza, calzone, pasta and other Italian mains and desserts. - 70% of sales are pizza. - Well equipped kitchen with coolroom - 50 seats inside - 40 seats outside - Licenced - The restaurant has been running for many years and has recently been refurbished. - Great staff and plenty of potential for enthusiastic owners.

Summary

  • Features: Great Northern Beaches location surrounded by residential and several hotels. - Long lease. - Well established. - Great working hours. - Under management - 2500 people on database mailing list. - Easy to run.

  • Potential: Two owners working could reduce wages. - Expand home delivery service. - Increase local social media marketing. - Extend opening hours. - Introduce specials nights.

  • Premises: Licenced for 90 patrons with indoor & outdoor covered garden area and an area of 150 sq. mts.

  • Trading Hours: 7 nights - 5 p.m. to 10 p.m. - Liquor license from 10 a.m. to 12 a.m..

  • Lease: Current lease expires Oct. 2020 + 5 + 5 year options. - 3% annual rent increases - rental bond $22,880

  • Employees: I owner + 2 pizza cooks + 1 kitchen cook + 3 casuals .

  • Comments: Local icon with wide appeal. -17% growth over past 4 years. - Profit shown is for two working owners with reduced wage costs. - Current owner runs the business under full mangement . - Operating manuals in place- Financial figures are available. - A must to inspect.

Weekly Summary

Weekly Takings
(inc GST)

$17,500

Cost of Goods

$4,375

Gross Profit

$13,125

Rent

$2,217

Wages

$2,600

Telephone

$20

Insurance

$135

Electricity

$260

Gas

$120

Misc1

$1,773

Total Expenses

$7,125

Estimated Stock (Additional)

$9,000

Net Profit

$6,000

Price

$299,850

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