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Leichhardt - Norton Street– Pizza Restaurant & Bar For Sale

Leichhardt, New South Wales, Australia
Asking Price:
$100K - $250K (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
Under $50K (AUD)

Fabulous exposure in popular italian eating precinct which also enjoys the very best reputation

Continuing to fly the flag of Italian authenticity in a place like Leichhardt is no mean feat, but this restaurant is a casual mix of sophistication and warmth; this isn’t your classic mom & pop pizza joint, with Chianti-bottle candle holders and photos from yesteryear. Rather, it’s a stylish and well thought out representation of modern Italy.

Key Features:
• Enjoys a premier Norton Street - Leichhardt location and has been operating within the same family since 2009
• Can seat up to 200 customers - 110 customers in function mode down stairs and 60 Upstairs in a Private Room = Courtyard and footpath dining
• Currently trades: Tuesday to Saturday from 05.00 pm till 10.30; Sunday: from 5.00 pm till 9.30 pm
• Has a popular menu centred around its famous Pizzas plus pasta and a short meat, fish and risotto menu
• Fully equipped operating kitchen and bar operation with plenty of cool room space and additional storage.
• Well located Bar at entrance to restaurant – which can be operated as a stand-alone business.
• On-premises restaurant licence with Primary Service Authorisation
• A professional front of house management team together with a Chef lead kitchen brigade.
• Management Team willing to train new owners and continue in an advisory role – if required.
• Currently is run under management

Asking price: $150,000 + Stock

For more information:
Michael Fischer of Michael Fischer & Associates

Property Information

Real Estate:

Lease

Lease Terms:

New Lease to be negotiated

Leasehold Rent:

$150,000 (AUD) per annum

Location:

Leichhardt has a defined commercial eating area along between Norton Street to the East; Parramatta Road to the South; Marion Street to West and up to the City West Link.
Ristorante is located almost in the middle of traditional Leichhardt. Two blocks from the cross with Marion Street; and only a short walk from the infamous Leichhardt Town Hall – with its two large free parking lots plus surrounded by many side streets also with free and metered parking.

Premises Details:

This is a shopping strip in the middle of commercial Leichhardt

Size in square feet:
350 sqm

Business Operation

Expansion Potential:

Freehold property may also be purchased

Reasons for selling:

Time to move on and grow the family

Trading hours:

Tuesday - Sunday

Employees:
10
Years established:
10

Other Information

Support & training:

Yes

Inventory / Stock value:
$15,000 (AUD)
Related Documents:

Contact Michael Fischer & Associates

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