Italian Restaurant & Cocktail Bar Secure Turnover & Growth Surry Hills Sydney
Surry Hills, New South Wales 2010
$275,000
Key Features
AI generated. Contact seller to confirm.
- Licensed cocktail bar serving Italian meals
- Reasonable rent with long lease and options
- Run under management with owner admin support
- Trading Wednesday to Sunday, includes Saturday lunch
- 50 indoor seats and 20 undercover outdoor seats
- Modern kitchen with walk-in cool room and exhaust
- Turnover: $20,000 weekly
- Net Profit: $4,000 weekly (under management); $5,000 weekly (owner operated)
- Rent/Lease: $1,956 weekly; Lease until May 2028, 3+3 year options (CPI increases)
- Stock Value: Not disclosed
- Established: Over 12 years
Business Details
Business Category Restaurant
Italian Restaurant & Cocktail Bar | Surry Hills Sydney
* Established for over 12 years on the outskirts of Sydney CBD
* Consistently strong and secure turnover
* Licensed cocktail bar serving great Italian meals
* Reasonable rent with lease until May 2028 + 3 + 3 year options (CPI increase)
* Run under management with owner support for admin.
* Trading Wednesday to Sunday (dinners + Saturday lunch)
* 50 indoor seats + 20 outdoor undercover seating
* Modern renovated kitchen with walk-in cool room, grease trap & exhaust
* Stylish, quirky fit-out in a unique location
* Great opportunity to expand trading to breakfasts and weekday lunches
* Established brand prescence, recognised and trusted brand with a loyal following, strong online visibility, and excellent reputation in the local community.
A rare opportunity to acquire a thriving Italian restaurant and cocktail bar with strong foundations and room for further growth.
Current Trading Snapshot
* Trading 5 days, 5 dinner Sat lunch, Closed Monday and Tuesday
Weekly Summary (approx., incl. GST unless stated otherwise)
* Takings: $20,000
* Cost of Goods: $6000
* Rent: $1956
* Outgoings: included in rent
* Staff wages: $6000
* Owner wages: $1000
* Insurance: $126
* Electricity: $450
* Gas: $70
* Marketing: $O
* Telephone/Internet: $30
* Rubbish removal: $150
* Subscriptions: $30
* Accounting/Bank fees: $120
* Pest control: $20
* Cleaning: No
* Miscellaneous: $
Net Profit (approx.)
* Under management: $ 4000
* Owner operated: $5000
Lease
* Lease period: May 2028
* Options: 3 + 3
* Increases: CPI
Contact:Angelo Fournaris XXXXXXXXXX XXXXXXXXXX
Disclaimer:Financials are vendor-supplied; Network Infinity and its agents make no guarantees or accept liability. Buyers should seek independent advice and conduct their own due diligence. Images are illustrative only.
* Established for over 12 years on the outskirts of Sydney CBD
* Consistently strong and secure turnover
* Licensed cocktail bar serving great Italian meals
* Reasonable rent with lease until May 2028 + 3 + 3 year options (CPI increase)
* Run under management with owner support for admin.
* Trading Wednesday to Sunday (dinners + Saturday lunch)
* 50 indoor seats + 20 outdoor undercover seating
* Modern renovated kitchen with walk-in cool room, grease trap & exhaust
* Stylish, quirky fit-out in a unique location
* Great opportunity to expand trading to breakfasts and weekday lunches
* Established brand prescence, recognised and trusted brand with a loyal following, strong online visibility, and excellent reputation in the local community.
A rare opportunity to acquire a thriving Italian restaurant and cocktail bar with strong foundations and room for further growth.
Current Trading Snapshot
* Trading 5 days, 5 dinner Sat lunch, Closed Monday and Tuesday
Weekly Summary (approx., incl. GST unless stated otherwise)
* Takings: $20,000
* Cost of Goods: $6000
* Rent: $1956
* Outgoings: included in rent
* Staff wages: $6000
* Owner wages: $1000
* Insurance: $126
* Electricity: $450
* Gas: $70
* Marketing: $O
* Telephone/Internet: $30
* Rubbish removal: $150
* Subscriptions: $30
* Accounting/Bank fees: $120
* Pest control: $20
* Cleaning: No
* Miscellaneous: $
Net Profit (approx.)
* Under management: $ 4000
* Owner operated: $5000
Lease
* Lease period: May 2028
* Options: 3 + 3
* Increases: CPI
Contact:Angelo Fournaris XXXXXXXXXX XXXXXXXXXX
Disclaimer:Financials are vendor-supplied; Network Infinity and its agents make no guarantees or accept liability. Buyers should seek independent advice and conduct their own due diligence. Images are illustrative only.
