Highly regarded and long-established Italian restaurant with approx. 17 years of trading history and a loyal base of regular customers. The business is known for its authentic Italian cuisine including pasta, risotto, seafood, veal, chicken, steak, salads, sides, desserts, traditional wood-fired Neapolitan pizza and genuine hospitality. It is fully licensed and has seating for approx. 80 people upstairs and downstairs. A significant strength is the established clientele, including regular customers from high-profile circles, providing the business with a strong reputation and valuable repeat trade.
The operation offers multiple revenue streams across dine-in, takeaway, online orders and functions, supported by a fully licensed venue and established food & beverage offering.
Potential
Significant opportunity exists for a new owner to build on the strong foundations already established. Current trading is concentrated around evening service, with the restaurant generally operating for only approx. 4.5 hours per night. There is considerable scope to increase revenue through extended trading hours, additional lunch service, expanded takeaway and delivery, and increased functions and catering private events.
Features
Approx. 17 years of successful trading, with an established reputation and loyal base of regular customers, including high-profile clientele. The restaurant offers authentic Italian cuisine supported by quality restaurant premises and fit-out.
Premises
Impressive and well-presented restaurant premises with an area of 240 sq. m. offering a welcoming dining environment with a quality commercial kitchen, traditional wood-fired pizza facilities and attractive dining areas suited to both regular dining and special occasions, with additional capacity for functions and private events.
Location
Well-positioned in an established and highly popular Lower North Shore hospitality precinct.
Trading Hours
7 days - Sunday to Thursday - 5 p.m. to 9 p.m. - Friday to Saturday - 5 p.m. to 9:30 p.m.
Lease
5 + 5 + 5 years lease commenced Jan. 2025 - 3 month bond and annual CPI increases. Full lease available to serious buyers
Employees
1 owner + 1 full timer + 7 casuals
Comments
A rare opportunity to acquire a well-established and highly regarded Italian restaurant with approximately 17 years of successful trading history, a loyal customer base and an enviable reputation. The business provides a strong foundation for an incoming owner, with further potential to build on its established success. The current rent shown reflects a 40% reduction from the original rental amount, with the continuation of this reduced rent subject to negotiation between the incoming owner and landlord.
