Licensed and BYO Italian Restaurant Business for Sale Ref: 2578
Brisbane QLDLast asking price $110,000
Sold June 2023
Food & Drink, Food & Drink
This is a long established Italian Restaurant that has 'Friendly' written all over it. It has opportunity, evening hours, awards and profitability. Open for about 20 years and trading 6 days a week, or about 30 hours, this restaurant has the ability to increase turnover and profitability in the hands of an enthusiastic owner. Husband is in the kitchen; Wife is front of house.
* Weekly Figures: Turnover approx. $7,500; Cost of Goods - $1,250; Rent (inc GST) - $975; Outgoiongs
$250; Wages - $2,000 (excl owners); Profit - Books show approx. $100k pa to husband and wife owners;
* Lease - Expires Mid 2018 with Lessor amenable to discussion regarding options;
* Stock at Value - $8,000;
* Trades 6 days TueSun, 5pm10pm;
* 5 staff - 2 Full-time 3 Casual;
* Excellent and functional fit-out;
* Seating for 40 inside and 40 outside;
* Parking for 30 vehicles with wheelchair access;
* A loyal customer base of majority repeat customers.
This restaurant has a courtyard that can cater to functions; Breakfast and Lunch trade options available; Start advertising and promotions.
Priced at $110,000 + SAV.
Broker: Harry Notaras xxxxx/ xxxxx
Head Office: xxxxx/xxxxx