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Italian Restaurant – Lower North Shore

Cafes And Restaurants , Food, Hospitality And Accommodation, Sales below $1m

Sydney, NSW 9 Views

Asking Price $450,000 for 100 %

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SALE OR INVESTMENT DETAILS

  • Yes Finance Available (subject to approval)

Reference ID: 21096888

Highlights

  • Italian Restaurant – Lower North Shore
  • Well established with outstanding Google Reviews
  • Popular location with nearby tourist and local attractions
  • Excellent potential for revenue growth

Executive Summary

Glorious Lower North Shore Italian restaurant surrounded by offices and apartments. Huge potential for revenue growth, fully licensed, takings in excess of $20,000 PW and a well-fitted kitchen. 


Location Details

Sydneys Lower North Shore


Potential

- Excellent potential for revenue growth by offering additional lunch and weekend trades

- Enlarging the restaurant to accommodate functions

- Can be rebranded with any cuisine


Skills

Someone with experience and great vision would be required to benefit from expansion to accommodate large functions.


Hours 

Mon - Sat: Dinner

Thur - Fri: Lunch


Lease

4 ½ years

5-year option


Employees

4 x Full-Time Chefs

2 x Kitchen Hands (Fri & Sat only)


Reason For Sale

The owner's feel like it's time to take a break. 

About the Business

The business is situated in an ideal location surrounded by many offices and apartments, with ample seating both inside and out with stunning views. The restaurant is well regarded in the area and has been operating for 8 years. It's liquor licensed with potential for improvement with extra lunch and weekend trade taken into account. Well worth inspecting.


Key facts about this business:

- Well established with outstanding Google Reviews 

- Well fitted kitchen 

- Taking $20,000-$25,000

- Short hours of trade

- Popular location with nearby tourist and local attractions 



For more information on this opportunity, please contact the undersigned:


Nick Poulos

Business Sales Specialist

Mentored Business Sales, Corporate Business Sales & Acquisitions

M: 0410076114  T: 1800 858 696 E: nick.poulos@mentored.business


Disclaimer: 

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.

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