Newly refurbished Italian restaurant in prime corner location with ample street parking and great foot traffic.
Located on the ground floor of a residential building with car space and storage cage included in the lease. Internal and external seating for approx. 120 patrons.
Fantastic opportunity to increase catering sales and home deliveries.
Currently operates from Tuesday to Sunday.
Expires in 2023
1 x 5-year option remaining
18 x Staff (mix of FT and casual staff)
Run under management with Full-time manager in place
Reason For Sale
The owner now wishes to devote his time to consolidating the Fast Food and home Delivery restaurants and hence has chosen to sell this site.
The business was established 8 years ago and was the first business in the chain of restaurants.
This sale comprises ONLY the plant, equipment, fixtures and fittings of this existing business. The vendor will also transfer the lease of this business to the purchaser. This sale DOES NOT include any goodwill, and access to existing financial performance of the business is limited. Anecdotal information will be released - but no access to Tax Records will be granted. The name WILL NOT be included in this sale. It is also expected that while the business currently operates as an Italian restaurant, new owners will change the focus to a different cuisine so as not to directly compete with the owner's other businesses, one of which is located in the same area.
Key facts about this business:
-Prime location in rapidly growing area of the city
-Car space and storage cage are included in the lease
-Well-equipped bar as well as satellite keg beer station
-Seating for approximately 120 customers
-Potential to increase catering sales and home deliveries
-The sale includes fixtures, fittings, plant and equipment on the site
-Stunning fit-out that is sure to impress, high quality throughout
For more information on this opportunity, please contact the undersigned:
Business Sales Specialist
Mentored Business Sales, Corporate Business Sales & Acquisitions
M: 0410 076 114 T: 1800 858 696 E: email@example.com
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.
This section is only viewable to those who are granted full or partial access to the deal room.Request Access
Please click on the Complete Profile button to complete the required profile items. After you successfully complete your profile, you will be redirected back to this page and request will be processed automatically.
Please login to continue