Restaurant – Pizza – Takeaway

For Sale

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Eastern Suburbs

Business Code: G1808

$85,000
Key Features: Well established restaurant. - Great location. - Fully equipped kitchen and also wood fired pizza oven. - Loyal clientele. - Same owner operating for last 10 years.
State: NSW
Suburb: Rose Bay
Location: Fantastic location on a busy main road in the Eastern Suburbs in the heart of a very busy suburb & cafe, restaurant & shopping strip.
Premises: This restaurant has an area of approx. 150 sq mts including a rear outdoor covered courtyard area.
Price not disclosed

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Owner has other business interests and does not have time to devote to this business.

Sale Reason

2015

Established

Street parking + Council car park area

Parking

1 Manager + 4 full timers + 4 casuals

Employees

Open for Dinner 7 days - 5 pm 9 pm.

Trading Hours

Landlord will provide a new 5 + 5 yr or 3 + 3yr lease to an experienced operator. - 3 months bond. - CPI increases

Lease

Italian restaurant specialising in pizza & pasta and also many other traditional Italian meat & seafood dishes. This restaurant has a fully equipped kitchen & woodfired Pizza oven, walk in cool room, plenty of storage, toilets and a covered rear courtyard area. Licenced BYO wine only – Corkage $3.50 per person. Seating for 52 inside and 8 outside.

Features

Well established restaurant. - Great location. - Fully equipped kitchen and also wood fired pizza oven. - Loyal clientele. - Same owner operating for last 10 years.

Potential

Huge potential for experienced owner operator to buy this established restaurant and take advantage of the local affluent clientele. Could open for lunches. New long lease available. - Approved footpath dining.

Comments

PLEASE NOTE that this business is being sold on a WIWO basis and not being sold on figures. The asking price is well below fit-out and equipment costs. Landlord wants $165K p.a. plus outgoings. The business is currently closed, please call your broker to arrange an inspection.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$25000
Rent
$3173
Price
$85,000
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