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Highly Profitable Established Restaurant With Long Term Staff For Sale

Toowoomba, Queensland, Australia
Asking Price:
$295,000 + SAV
Sales Revenue:
Available on request
Cash Flow:
Available on request

- Price: $295,000 + SAV
- Categories: Food/Hospitality
This Italian restaurant has been in operation for over 30 years with the current owners tenure being the past sixteen. It was able to thrive during the covid storm and apart from the initial slowdown has continued to grow over the period. Located on a busy street in the Toowoomba CBD the business benefits from the high street exposure and ample parking nearby.

About the Business
- Annual turnover of $592.00 per annum averaged over the past three years
- Seats a total of 86 / Indoor 61 & Outdoor 25 under roof
- Fully Licensed
- Well established loyal customer base
- Long term chef wanting to remain with the business
- Leased area covers 144 sqm with an additional 15 sqm of licenced arcade seating
- High profit menu items
- Owner happy to train new owners
- Consistently high reviews
- High exposure location

Business hours
Tuesday - Saturday 5.00pm to 8.30pm / 5.00pm to 9.30 (summer)

The owner is a chef and is complemented by a full-time chef and an apprentice chef (2 years). The front of house staff consist of 10 casual employees that are rostered as required.

The staff have indicated that they are happy to stay on with the business which is fantastic as the full-time chef has been with the business for over ten years and the apprentice for the past two.

There is still plenty of potential to grow the business which can be expanded by extending the opening hours, catering services or utilising delivery service providers.

Lease
$2442.03 per month including outgoings & GST
Expires 24 October 2023 with a 5 year option to extend

Meets 491 Visa requirements

For more information about this opportunity please call the agent, Marc Phillips on ---- --- --- or email [email protected]

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