Under Management- Pasta / Wine Bar CBD Location - Sydney CBD - (Code: PM1069)
Italian Pasta & Wine Bar - Prime CBD location - Fully Managed - Nets $3,500 p.w.
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Price: $230,000
Weekly Takings (inc GST)
$33,197
Cost of Goods
$8,330
Gross Profit
$24,867
Rent
$6,142
Wages
$13,000
Outgoings
$328
Telephone
$25
Insurance
$115
Electricity
$576
Gas
$59
Misc 1
$533
Misc 2
$605
Total Expenses
$21,383
Net Profit
$3,484
Coffee Kilos P/W
0.0
Estimated Stock
$15,000
(Additional)
Equipment
$150,000
(Included)
All other values exclude GST
General Description Italian Restaurant & Wine Bar in prime CBD location - Italian by name and cosmopolitan by nature this Pasta and Wine Bar serves up traditional fare to Sydneysiders from a major Shopping Centre in the city - This is one of a few places diners can delve into handmade pasta in a foodcourt environment, as well as dine inside the restaurant with its distinctive trendy black and white furniture and mosaic tiled barn - Gourmet delights abound at the delicatessen counter including long strands of hanging pasta, cooked to order with guest's sauce of choice or an antipasto platter of cured meats, Italian cheeses and marinated vegetables, plus fettuccine with Napoli sauce, tomato and garlic - Also serving a selection of panini and baguettes that may appeal to those on the go.
Potential Huge potential for a hands on owner / operator to build this business & reduce wages and improve the already great profit - Big potential to open for breakfast Monday to Friday -
Features Busy & well established restaurant & bar with fantastic reputation. - Great CBD location. - Great fit out - All the hard work has been done - Fully managed.
Premises This wine bar & restaurant has an area of 99.5 sq mts plus a large outdoor seating & mingling area with a bar license. OriginaL fit-out cost was $650,000.
Location One of the best dining & bar locations in the Sydney CBD for lunch & after work socialising.
Trading Hours 7 days - Monday, Tuesday, Wednesday: 11 am to 3 pm. Thursday: 11 am to 9 pm. Friday: 11 am to 4 pm.
Saturday: 11 am to 5 pm. Sunday: 11 am to 5 pm
Lease Current 8 year lease expires 20 April 2027 - Bond is 3 months ($64,480.69) - Current owner has spoken with Westfield and they would consider providing an option for the right purchaser.
SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.
SBXPM1069
For more details please call (02) 9439 4403
or click here to register with us.