Italian Pizza-Pasta Bar and Restaurant – Camperdown, NSW
Camperdown NSW
Last asking price $379,000
Sold January 2023
Food & Drink, Food & Drink
Business ID: BS151226
Fully Licensed – Seats 100 - $6k Profit p/w
Situated on busy road – in the inner western suburb of Camperdown - this business has come out of COVID strongly, with a turnover of around $23K per week.
Established since 1965, this well-known Pizza-Pasta Bar & Restaurant offers excellent growth potential to a motivated buyer.
Business Highlights:
-Very popular and well-known eatery with loyal customer base from throughout Sydney
-Fully licensed and able to seat around 100 diners
-Menu currently limited to Pizzas and Pastas – Potential to add new dishes
-Trades 6 days from 5-10pm - closed on Mondays – Hours flexible
-Staff: 2 x F/T + 8 casuals & P/T
-All assets are included in the sale
-Owner is now looking to retire
-Extremely profitable
-Long Lease with low rent 3+ 5 Term Left
Over the past 5 months, turnover and profit have increased substantially, without any marketing. With the brand and reputation strongly in place, the buyer could further boost revenue by advertising, extending the menu, and opening for lunch.
Price: $379,000 + SAV
Property Code: 2932