Restaurant – Cafe – Italian Cuisine

For Sale

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East Sydney

Business Code: PM1036

$299,000.00
Key Features: Impeccable fit-out - State of the art commercial kitchen - Amazing lease terms - Licensed. - Fantastic Opportunity !!
State: NSW
Suburb: Woolloomooloo
Location: An Italian restaurant and cafe in the heart of East Sydney. - A Must See !!
Premises: High ceilings, industrial decor and hanging greenery give this very popular Italian cafe / restaurant a relaxed and casual feel with a total area of 228 sq.mts. A Must See !!
Price not disclosed

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Other business interests

Sale Reason

July 1, 2017

Established

One dedicated car park and plenty of street parking close by.

Parking

Not applicable

Employees

Currently cafe only 5 days - Monday to Friday: 7 am to 3 pm.

Trading Hours

Current lease expires 30th June 2027 + 5 + 5 year options. - 3 month bond ( Bank Guarantee )

Lease

Italian restaurant and cafe that has won the hearts of its patrons in its nearly six years of prosperous operation. The moment you step in, you’ll be entranced by the ambiance that gracefully fuses traditional Italian elements with contemporary style. The owners’ dedication to quality and attention to detail shine through in the state-of-the-art fit-out valued at close to $1million dollars. The bifold front windows bathe the interior in natural light, creating a warm and inviting dining atmosphere, supported by full mechanical ventilation and a fully detached air conditioning system ensuring guests’ comfort. The true jewel of this culinary haven is its fully equipped commercial kitchen, allowing the creation of delectable Italian delights. Maintaining the highest standards of culinary excellence, the establishment features a thoughtful grease trap and showcases quality finishes, impeccably maintained over the years.- 70 seats inside – 20 seats outside with an area of 15.6 sq. mts. The presence of a cocktail bar, fully licensed, enhances the experience. The restaurant’s prime location close to Hyde Park, draws both locals and tourists, ensuring a steady flow of visitors. Strategically surrounded by diverse industries, the restaurant thrives as a weekday hub, catering to professionals and workers seeking a convenient and exquisite dining experience.

Features

Impeccable fit-out - State of the art commercial kitchen - Amazing lease terms - Licensed. - Fantastic Opportunity !!

Potential

Increase hours to reintroduce dinner service - Promote cocktail menu - Open 7 Days - A Must see !!

Comments

Cafe is currently trading at $13,000.p.w.. This opportunity represents fantastic value with an amazing fit out, state of the art commercial kitchen and below market lease terms. - A Must See !!

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$13000
Rent
$2156
Equipment
(Included)
$300000
Price
$299,000.00

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