Italian Restaurant Hills District – 6 Short Evenings only

Price: $249,000 Location: Hills, NSW Ref: 4905680
Agent:
Bruce Irvine
Agent Phone:
Office Phone:
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Business Headline :
Italian Restaurant Hills District – 6 Short Evenings only
Price :
$249,000
Category :
Food/Hospitality, Restaurant, Alcohol/Liquor, Takeaway Food
Full Description :

Popular Licensed Italian Restaurant on a busy road in the Hills District. 

Open 6 nights for dinner only. From 6pm to 9.30pm.

Imported wood fired Pizza Oven and simple pasta menus means anyone with cooking experience could run this business. 

Landlord has indicated he will offer a new 5 plus 5 lease to qualified buyer.

Features of the business include:

  • Liquor licence – 7 days to Midnight
  • 5 short nights, allowing you time off during the day
  • Imported wood fired pizza oven, imported from Naples, costing $35k
  • Large modern commercial kitchen with features such as air blanket extraction
  • Downstairs cool room and storage area
  • Opportunity to increase sales by doing local deliveries
  • Seating for 65 indoors and 30 in enclosed outdoor area
  • Ideal function venue

 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4905680#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4905680#enquire-now

Annual Rent : $61,090 - Weekly Rent : $1,175

Annual Turnover : $600,000 - Weekly Turnover : $11,538

Annual Gross Profit : $430,000 - Weekly Gross Profit : $8,269

Annual Ebit : $200,000 - Weekly Ebit : $3,846

Lease Commencement : Jun 2016

Lease End : Jun 2019

Lease Option: 3 years

Total Floor Area : 160 Square Metres

Franchise : No

Approximate Stock Value : $7,000

Year Established : 2016

Days Trading : 5

Staff : 3 Full Time - 3 Casual

Staff Salaries : $130,000

Reason for Sale : Moving overseas

Business Potential : Open Lunch on Weekends. Invest in marketing. Increase functions. Deliveries.

Parking Comments : Ample parking

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