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
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.
For more details, please email broker or call agents.
