Restaurant - Bar - Cafe - Italian Cuisine - Restaurant - Entertainment Precinct - High Returns - Low Rental

Business For Sale New South Wales

Business Category Restaurant

$190,000

Description

Restaurant - Bar - Cafe - Italian Cuisine - Restaurant - Entertainment Precinct - High Returns - Low Rental

Restaurant - Bar - Cafe - Italian Cuisine - Western Suburbs - Agent SBX Code Number: SFG1066

Spacious high capacity restaurant with modern ambience perfect for large high spending family groups who enjoy ever popular Italian cuisine based around pizza and pasta. -Seating 120, this restaurant features a separate stone pizza oven and state of the art large kitchen with full cooling and refrigeration.- Even better the facility is only 2 years old only having opened in October 2019 after a $400,000 shop fit. - The business operates on an approximate 28% cost of goods to turnover ratio indicating a high gross profit for the owners. - The indicative gross turnover of $20,000 is representative of how the business is currently trading as it only recently reopened after the lockdown on 21/10/2021. - This business is still in growth phase and services a growing population desirous of outside family entertainment and relaxed dining experiences.- As the only Italian pizza style restaurant in this leisure precinct featuring bowling alley and adventure themed attractions this is a highly recommended opportunity.

Potential
Expand use of social media marketing. -Liaise and sponsor local amateur sporting associations.- Birthday voucher promotions and loyalty scheme.

Features
Large modern facility. Competitive rent per square metre. Limited direct competition. Popular high margin cuisine. High seating capacity with simple floor plan. High weekend foot traffic location.

Premises
Large near new restaurant with high cost shopfit with fully equipped kitchen seating in excess of 100 patrons comprising 220 sq. mts.

Location
Highly visible large restaurant in family entertainment area with high traffic flow on weekends and holidays in outer Western Sydney

Trading Hours
7 days - Mon. - Sun. - 11 a.m. - 9 p.m.

Lease
3 year lease commenced August, 2019 + 3 + 3 year options expiring 2028 - 3 month bond - CPI increases p.a. - New owner may be able to negotiate short initial rent free period.

Employees
1 owner + 2 fulltime chefs + 1 part-time kitchen hand + 1 full-time front of house plus casual wait staff

Comments
Unique opportunity to acquire a large excellently located restaurant cafe in a dedicated family entertainment business park.- The locality is a population growth area which will lead to increasing local demand for a restaurant of this style. The business operates more as a cafe during the weekday daytime trade and as a high demand restaurant on the weekends. - Misc.- 1 refers to approximate GST expenses and Misc.- 2 to general sundry expenses. The proposed sale is highly confidential and absolute discretion must be strictly complied with.

Agent SBX Code Number: SFG1066 - Sydney Business Exchange
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SBX Business Brokers

Bsale ID: 567245
Broker REF: SFG1066

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