Under Management- Pasta / Wine Bar CBD Location

For Sale

·
Sydney CBD

Business Code: PM1069

$230,000
+ Estimated Stock (SAV) $15000
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.
State: NSW
Suburb: Sydney
Location: One of the best dining & bar locations in the Sydney CBD for lunch & after work socialising.
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.
Price not disclosed

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Retirement

Sale Reason

2011

Established

Free shopping centre parking 3 hours.

Parking

3 full-time, 6 part-time & 4 casual.

Employees

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

Trading Hours

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.

Lease

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.

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 -

Comments

Misc - 1 - Storage room rent - Misc - 2 - Misc Expenses

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$33197
Cost of Goods
$8330
Gross Profit
$24867
Rent
$6142
Wages
$13000
Telephone
$25
Insurance
$115
Electricity
$576
Misc 1
$533
Misc 2
$605
Total Expenses
$21383
Estimated Stock
(Additional)
$15000
Equipment
(Included)
$150000
Net Profit
$3484
Price
$230,000
+ Estimated Stock (SAV) $15000
Price
$230,000
+ Estimated Stock (SAV) $15000
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