This must-sell business is perfect for a savvy operator looking for a lifestyle business. It's only open four days per week, making it a great work-life balanced venture. Serving modern Italian cuisine with an extensive wine list, this fully licensed Italian restaurant is located in one of Sydney's most exclusive areas, Darling Point. It's conveniently close to public transport and Sydney's CBD, with no immediate competition.
Key points to consider:
-Well-established Italian restaurant
-Lifestyle-friendly trading hours: Open on Wednesday to Friday for dinners, and Fridays and Saturdays for both lunch and dinner
-Immediate revenue uplift opportunity by extending trading hours and offering catering services
-Convenient timed and free on-street parking spots available in front of the restaurant
-Spacious seating options with a large footpath seating area and indoor seating
-This is a must-see opportunity for a savvy restaurateur looking to take over an established business and drive its growth.
Staff No
The business is currently run by a manager, head chef, two fulltime chefs and four/five casuals
Lease Info
The 5 x 5 year lease commenced in January 2012. - CPI. increases – A Three month bond is required. A new 5x5 or a 5x5x5 lease is available to the new owner
Trading Times
4 days – Wednesday to Friday from 6.00pm, from 5.30pm on Saturdays and Fridays for lunch.
Size of Premises
Approx. 70 square metres. - Toilet, Full commercial kitchen and store room. Outdoor seating area.
Opportunity
Extend the trading hours and expand catering side of the business.
**Weekly**
Turnover (inc GST) $20,072
Rent $1,371
Wages $7,166
Net Profit $3,299
