Italian Restaurant & Cocktail Bar Secure Turnover & Growth Surry Hills Sydney

Surry Hills, New South Wales 2010

SOLD

Key Features

AI generated. Contact seller to confirm.

Established over 12 years on outskirts of Sydney CBD
Licenced cocktail bar serving Italian meals
Reasonable rent with lease until May 2028
50 indoor seats and 20 outdoor undercover seats
Run under management with owner admin support
Modern kitchen with walk-in cool room and exhaust

Turnover: $20,000 per week
Net Profit: $Under management $4,000 per week; Owner operated $5,000 per week
Rent/Lease: Rent $1,956 per week; Lease to May 2028, options 3+3, 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.