Well Established & Profitable Italian Restaurant, Southern Highlands Nsw

Business For Sale Bundanoon, New South Wales 2578

Business Category Restaurant

$249,000 plus SAV


Well Established & Profitable Italian Restaurant, Southern Highlands Nsw

This business has proudly been serving great Italian food to the residents and many visitors of the town of Bundanoon for the past 13 years. The current owners have been in charge for the past four years where this restaurant has become recognised as the dining destination of the area as well as having a strong takeaway outlet, only helped by there being no other local delivery service.

The business has a loyal following of local residents and southern village residents (25km radius) who provide most of the midweek and Sunday trade with destination travellers attracted to the highlands for the climate and local national parks (Sydney/Canberra/Melbourne), passing tourists and day trippers provide the bulk of weekend trade.

Pizzas make up 50% of the business. All varieties are popular plus a range of pasta, meat and seafood dishes are available.

The business has implemented excellent operating procedures enabling a new owner to capitalise on this and take the business to the next level.

All equipment is owned outright by the business and included in the sale price. There is also a comprehensive service schedule ensuring all items are well maintained. In addition to the main dining area there is a recently renovated and fully fitted private function space with its own entrance. This area can accommodate 30 pax comfortably even with social distancing requirements.

The current owners took over the business with a five-year plan and that period is coming due. Their aim was to build the business and provide Bundanoon with a dining experience which they felt would benefit the area, their foresight and hard work has proved an overwhelming success. The business can now be taken in a new direction or could continue to be run successfully in its current form.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
22 staff, mostly casual. Two staff are permanent part-time.

Lease Info
The current lease expires in July 2022. A new 3+2 lease has been negotiated and agreed effective from 31 July 2022.

Trading Times
5pm to 8 or 9pm (customer driven) Wednesday to Sunday

Size of Premises
All the equipment is fully owned and included in the sale price. There is a comprehensive service schedule for all equipment ensuring it is well maintained. The business also includes a private function area located next door to the main restaurant. Fully fitted, this space can accommodate 30 pax comfortably even with social distancing requirements.

There is opportunity for additional trading days or extended hours which have not been explored and could provide more revenue growth. Weekend lunch time trade would be profitable given the increasing number of visitors to the town.

There is a growing demand for private functions which could be advertised and marketed.

There is a demand for catering. Small catering jobs have previously been undertaken, however it would be viable to use the kitchen for catering purposes outside of service hours if prep is managed properly.

As a commercial kitchen in this location, there is opportunity to sub-let the kitchen when not in use. The highland area is full of small operators exploring culinary opportunities and many look for commercial environments as they become more successful and confident.

High demand to start selling in-house product as retail items. Dough balls are already sold to some customers for use in home pizza ovens plus there is current demand for pasta sauces which could be bottled and sold.

Bundanoon is growing physically (more than 100 new subdivision blocks have been made available in town over the past 12 months) and the local council forecasts the increase to be largely from retirees and young families. The retiree cohort are generally keen to socialise and willing to spend money on good dining experiences. The young families are coming from Sydney and Canberra and in the habit of buying takeaway at least once or twice a week. Both of these bode well for the future of the business.

Note to buyers:
This business is being sold by the owner with our support from GSE through our Six Steps to Sale Program this means that you will be dealing directly with the seller.

GSE will send out information about the business for you and if you wish to view the business this will be arranged directly with the seller.

Turnover (inc GST) $14,470
Rent $484
Wages $5,090
Net Profit​ $3,108
Contact Seller
Paul Leach

Bsale ID: 568840

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