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 AGENT Angelo Fournaris xxxxx xxxxx
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Disclaimer
The financial information and statements relating to the above business has been prepared based solely on the information supplied by the vendor to Network Infinity and therefore Network Infinity and the agent/broker does not guarantee the accuracy of such statements and financial information. Network Infinity will not be liable for such statements and financial information. Network Infinity strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business. Image used only for illustrative purpose to protect seller's privacy. It is in no way representative of the actual business or it's products.