Italian Restaurant & Cocktail Bar Secure Turnover & Growth Surry Hills Sydney

Italian Restaurant & Cocktail Bar | Surry Hills Sydney
*    Established for over 12 years on the outskirts of Sydney CBD
*    Consistently strong and secure turnover
*    Licensed cocktail bar serving great Italian meals
*    Reasonable rent with lease until May 2028 + 3 + 3 year options (CPI increase)
*    Run under management with owner support for admin.
*    Trading Wednesday to Sunday (dinners + Saturday lunch)
*    50 indoor seats + 20 outdoor undercover seating
*    Modern renovated kitchen with walk-in cool room, grease trap & exhaust
*    Stylish, quirky fit-out in a unique location
*    Great opportunity to expand trading to breakfasts and weekday lunches
*     Established brand prescence, recognised and trusted brand with a loyal following, strong online visibility, and excellent reputation in the local community.

A rare opportunity to acquire a thriving Italian restaurant and cocktail bar with strong foundations and room for further growth.

Current Trading Snapshot
   *   Trading 5 days, 5 dinner Sat lunch, Closed  Monday and Tuesday  

Weekly Summary (approx., incl. GST unless stated otherwise)
   *   Takings: $20,000
   *   Cost of Goods: $6000
   *   Rent: $1956
   *   Outgoings: included in rent
   *   Staff wages: $6000
   *   Owner wages: $1000
   *   Insurance: $126
   *   Electricity: $450
   *   Gas: $70
   *   Marketing: $O
   *   Telephone/Internet: $30
   *   Rubbish removal: $150
   *   Subscriptions: $30
   *   Accounting/Bank fees: $120
   *   Pest control: $20
   *   Cleaning: No
   *   Miscellaneous: $

Net Profit (approx.)
   *   Under management: $ 4000
   *   Owner operated: $5000

Lease
   *   Lease period: May 2028
   *   Options: 3 + 3
   *   Increases:  CPI

Contact:Angelo Fournaris  xxxxx  xxxxx

Disclaimer:Financials are vendor-supplied; Network Infinity and its agents make no guarantees or accept liability. Buyers should seek independent advice and conduct their own due diligence. Images are illustrative only.