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Advert ID:19633
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Business for sale in NSW , Sydney
Sydney Business Exchange
Broker Details: Sydney Business Exchange
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Family restaurant serving Italian food and modern Australian cuisine. They offer an ala carte menu and blackboard specials daily, along with wines, spirits and beers. Specialises in pizzas, pastas, grills and salads. - Full kitchen, full b

 
Sellers Ref: (GJ1131)
Location: NSW - Sydney -South West
Category: Cafe and Coffee Shop
 
Financial summary
Asking Price: $1,200,000
Sales revenue: Undisclosed
Net profit: Undisclosed
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
 
Business description
Restaurant - Pizza - Cafe - South West SBX Business Code: GJ1131 Family restaurant serving Italian food and modern Australian cuisine. They offer an ala carte menu and blackboard specials daily, along with wines, spirits and beers. Specialises in pizzas, pastas, grills and salads. - Full kitchen, full bar, large walking poolroom, freezer. - 100 seats outside - 70 seats inside. - This is a large family bistro style operation which caters for large volumes of patrons, offers fast turnaround time and is a key tenant in the precinct. Great business which could easily increase its net profit under family operation. Potential Advertise. Family operation would reduce wages and employment expenses considerably. Operation does not require a qualified chef. Features Exclusive franchise outlet in this regional area. Longest lease in the centre. Run fully under management. Recently refurbished. Premises This business has an area of 257 sq. mts. and includes a large, light, outdoor seating area. Location Trendy, well patronized restaurant precinct adjacent to cinema complex in South West Comments Remaining in the franchise is optional. If opting out, the business name would not apply and the franchisor retains the rights to establish another outlet locally. POS system links to franchisor and maintains full financial control and operations control. Owner is not restricted under the franchise re suppliers, food offerings. Franchise fee is only 3% of turnover and marketing fee only 1.5%. Vendor offers to spend 2 months with buyers to provide a seamless transition. - Wages figures above allow for $2500 to owner operator. http://www.sbx.com.au/record_detail.php?code=GJ1131
 
General Information
Employees: 7 fulltimers + 45 casuals
Trading Hours:7 days - 11 a.m. - 10 p.m (Sat until 11pm)
 
Other Information
Realocatable: 1
Reason Selling: Owner seeking to reduce his workload and spend more time with the family
Lease Terms: 9 years