, North Sydney NSW

For Sale

Food/Hospitality

$145,000 + GST

    • Brochure [ File 1 ] [ File 2 ]
    • Franchise No
    • Annual Turnover 1318820
    • Annual Gross Profit 889950
    • Annual Ebit 159000

Business Headline : Outstanding Restaurant / Cafe / Bar in Lower North Shore


Price : $145,000


Category : Food/Hospitality, Restaurant, Cafe/Coffee Shop, Alcohol/Liquor



OUTSTANDING, TOP OF THE CLASS RESTAURANT/BAR/CAFE located in Lower North Shore.


Not to be MISSED. Be the first to INSPECT.



 


LOCATION, LOCATION, LOCATION!



  • One of the busiest suburbs in Lower North Shore, Commercial District.

  • High foot traffic

  • Corner location with great street frontage

  • Plenty of parking spaces


FEATURES:



  • 2 levels of dining area, currently each running under 2 different menu

  • Large, spacious FULL kitchen, both downstairs and upstairs

  • 4 toilets - 2 on each level

  • Separate bar area

  • Woodfire pizza oven

  • Alfresco dining & private dining spaces

  • Large space for cutomer car parking - enough for 10 cars

  • Separate dining areas/rooms for functions & coporate events


OPPORTUNITES:



  • This is a well known restaurant in LNS and currently running as an Italian restaurant

  • Only operating for lunch & dinner - possibility for breakfast trade

  • Opportunity to turn into a SPECIALTY BAR as it could well work in the area

  • Promotion for corporate functions and catering


This restaurant has a FULL potential to double what it is doing currently.


Suitable for experienced operator to turn this place back to where it used to be few years ago.


 


To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4801183#enquire-now

Annual Rent : $261,100 -
Weekly Rent : $5,021


Annual Turnover : $1,318,820 -
Weekly Turnover : $25,362


Annual Gross Profit : $889,950 -
Weekly Gross Profit : $17,114


Annual Ebit : $159,000 -
Weekly Ebit : $3,058


Premise : Leased


Lease Commencement : Jun 2017


Lease End : Jun 2021


Lease Option:
4 years


Total No of Parking : 10



Franchise : No


Approximate Stock Value : $


Year Purchased : 2013


Days Trading : 7


Staff Salaries : $356,200


Reason for Sale : Family Reason


Location : Lower North Shore - Corner location, Foot traffic


Business Potential : Corporate Promotion, Catering, Online Ordering