$85,000 + SAV ($5,000 approx.)
This traditional Italian Pizzeria is located in the Eastern suburbs specialising in pizzas which are cooked in an authentic pizza oven. They also offer a range of pasta dishes, risottos, salads and desserts.
With seating for 100 patrons inside and 16 outside, this restaurant can cater to large numbers and provides the perfect Italian experience for the whole family which is affordable and brimming with quality food. Trading 7 days per week (evenings only), every evening starts with a happy hour which offers customers beer, wine and cocktails at prices which are too good to be true.
Redecorated in late 2020, the business has the perfect atmosphere for its patrons to enjoy each and every slice of pizza that comes out of the oven. Employing 6 casual and 2 part time employees, their experienced hospitality staff are able to cater to all their clients needs whether its knowledge on the food or range of local & imported beverages.
The restaurant holds a Liquor Licence with a capacity of 116 patrons and has a weekly turnover averaging in excess of $13,000. Both vendors work in the business (working a combined 55 hours per week approx.) and are now ready to sell as one wishes to move interstate for family while the other wishes to focus on their other full time job.
This is a great business for somebody that enjoys the social scene, good food, family dining and would love to embrace the Italian culture.
Melanie Winter 0408 085 932
|Plant & Equipment (approx written down value)||$25,000|
|Stock at valuation (approx)||$5,000|
|Current Rent||$4,788.18 per month + GST|
|Lease Term||3 years|
|Lease Commencement||1st November 2021|
|Lease Expiration||31st October 2024|
|Right of Renewal||1 x 2 years|
|Outgoings||Paid by Tenant|
|Adjustments||CPI + 2% annually|