Iconic Italian restaurant and Pizzaria, Busy City fringe location, Super long lease options

Price: $150,000 Location: Eastern Suburbs, NSW Ref: 4262604
Agent:
Bruce Irvine
Agent Phone:
Office Phone:
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Business Headline :
Iconic Italian restaurant and Pizzaria, Busy City fringe location, Super long lease options
Price :
$150,000
Category :
Food/Hospitality, Restaurant, Alcohol/Liquor, Takeaway Food
Full Description :

This neighbourhood favourite has been operating since 1980. Located in a very busy City fringe suburb, this restaurant is popular with students, business men and women and local residents. Tried and tested recipes ensure that there is something for everyone on the menu.

Also offering dine in and take-away Pizza, a firm favourite with the locals

Key features:

  • Established for over 38 years
  • Lease options until 2031
  • Trades only 5.5 days, Mon-Fri: Lunch and Dinner, Sat Dinner, Sun Closed
  • Liquor licence
  • Seating for 50
  • Busy corner location
  • Pizza take away in addition to dine in menu

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4262604#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4262604#enquire-now

Annual Rent : $83,200 - Weekly Rent : $1,600

Annual Turnover : $700,000 - Weekly Turnover : $13,462

Annual Gross Profit : $485,000 - Weekly Gross Profit : $9,327

Annual Ebit : $150,000 - Weekly Ebit : $2,885

Premise : Leased

Lease Commencement : Feb 2016

Lease End : Jan 2021

Lease Option: 5 + 5 years

Total Floor Area : 180 Square Metres

Franchise : No

Approximate Stock Value : $20,000

Year Purchased : 2016

Year Established : 1980

Days Trading : 6

Staff : 2 Full Time - 6 Casual

Staff Salaries : $208,000

Additional Notes : Includes liquor

Reason for Sale : Owner has other business interests

Location : Darlington

Business Potential : Open 7 days, Promote as function venue.

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