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Pizza Outlet /Home Delivery/Dine In Boutique Restaurant For Sale

Gold Coast, Queensland, Australia
Asking Price:
$270,000 (AUD)
Sales Revenue:
$488,771 (AUD)
Cash Flow:
$127,596 (AUD)

Summary
Trading just 4 short hours an evening, this business is performing and packing in sit down diners as well as a huge home delivery business. The total hours including preparation is around 50 hours per week. Owners work 29 hours each per week plus office work from home.

Revenue
$488,771
Net Profit
$127,596

Potential
Revenues this year are on track to exceed $600,000, and there is an opportunity to either open for takeaway coffee of a morning or sublet the area to an experienced coffee cart operator and reduce your overheads and increase profits further.

Skills
Ideal for a Chef and his partner or any couple looking to run their own food business and still have time for the family and each other.

Hours
Opens 4pm until 9 pm Sunday to Thursday and from 4pm until 9.30pm Saturday and Sunday.
2 hours prep time required each day prior to opening.

Lease
New 3 x 3 plus 3 lease.

Location
Services Southport and surrounding areas.

Employees
10 including delivery staff.

Reason for Sale
After many years of running the busiest pizza parlour and restaurant, they are handing the reins to a younger couple.

About the Business
The business is a thriving Italian restaurant located in a well-established residential affluent area. It has a range of traditional Italian dishes on offer. It has a dine in and an outdoor seating area and does a large amount of take away and home delivery (around 50%). The kitchen produces approximately 50% of meals and 50% of pizzas.

The business offers home delivery through online traditional menus for example Uber Eats (largest home delivery customer) and Menulog. They enjoy better than average returns than most businesses from Uber Eats and Menulog by using their own home delivery drivers. This ensures the standard of food delivered to customers is maintained.

The busiest nights are Friday and Saturday, when up to as many as 10 staff are on roster. It is a real locals place where most customers are regulars.
They currently employ a chef in the kitchen for in house dining and pasta takeaways.

History
This Italian Restaurant commenced operation in 1992. The business was managed until 1997 when the manager purchased the business who is now the current owner.

It is compact premises with an efficient system to sell large quantities of food over a short opening period. Whilst the hours of operation are between 6 and 6.5 hours per day the bulk of sales occur in a 2 hour window, the rest of the time is preparation and clean up.

The owners currently work 4 nights a week. They start at 2pm and finish at 9pm. Before the business opens, they both prep for the evening ahead.

Sale Price
$270,000 plus SAV (3,000)

Property Information

Real Estate:

Lease

Lease Terms:

New 3 x 3 plus 3 lease.

Location:

Services Southport and surrounding areas.

Premises Details:

New 3 x 3 plus 3 lease.

Business Operation

Expansion Potential:

Revenues this year are on track to exceed $600,000, and there is an opportunity to either open for takeaway coffee of a morning or sublet the area to an experienced coffee cart operator and reduce your overheads and increase profits further.

Reasons for selling:

After many years of running the busiest pizza parlour and restaurant, they are handing the reins to a younger couple.

Trading hours:

Opens 4pm until 9 pm Sunday to Thursday and from 4pm until 9.30pm Saturday and Sunday.
2 hours prep time required each day prior to opening.

Employees:
10 including delivery staff.
Years established:
1992

Other Information

Support & training:

Ideal for a Chef and his partner or any couple looking to run their own food business and still have time for the family and each other.

Inventory / Stock value:
$3,000 (AUD)

Contact Hallmark Business Sales Pty Ltd

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