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Restaurant - Bar - Takeaway Coffee - Italian Restaurant & Coffee Takeaway -Netting Over $12,000 P.W. -Sydney Cbd For Sale

Sydney, New South Wales, Australia
Asking Price:
$350,000 (AUD)
Sales Revenue:
$2,340,000 (AUD)
Cash Flow:
$655,200 (AUD)

Italian restaurant bar and coffee takeaway - Full commercial kitchen serving a variety of Italian cuisine for breakfast and lunch - wines, beer and cocktails served at bar. - Coffee sales approx. 90 kg. per week including restaurant and coffee takeaway in front of building entrance. - Full renovation was done in 2019 with replacement of most of the kitchen equipment and kitchen appliances. Brilliant fit out with state of the art equipment throughout. - 59 seats in side - 16 seats outside - Liquor license until 1100 p.m

Potential
Restaurant experienced couple could save on wages - could open for dinner (current owner opens lunch only) Liquor license until 1100 p.m. -Catering in the office building and surrounding offices.

Features
Spacious, well known, historic Italian restaurant situated at front of large modern building including coffee takeaway -Long established. - Loyal regular office clients.

Premises
This restaurant has an area of 200 sq. mts. with 50 sq. mts. of outdoor seating.

Location
Situated in a large modern 26 level building in a prime CBD location with the Queen Victoria Building a short walk away.

Trading Hours
Restaurant open 7 days 700 am to 300 pm. Takeaway open 6 days 630 am to 400 pm

Lease
Current lease expires March,2027 -Rent increases by 4% per year - 3 months bond

Employees
1 owner + 1 full time chef + 10 casuals

Comments

Property Information

Location:

Situated in a large modern 26 level building in a prime CBD location with the Queen Victoria Building a short walk away.

Business Operation

Expansion Potential:

Restaurant experienced couple could save on wages - could open for dinner (current owner opens lunch only) Liquor license until 1100 p.m. -Catering in the office building and surrounding offices.

Trading hours:

Restaurant open 7 days 700 am to 300 pm. Takeaway open 6 days 630 am to 400 pm

Employees:
1 owner + 1 full time chef + 10 casuals
Years established:
35 yrs