p: 617 3368 4010 e: reception@absbrisbane.com a: Level 1 Unit 3 25 Railway Terrace, Milton, Qld Australia 4064

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CA Form

Licensed and BYO Italian Restaurant Business for Sale – Ref: 2578

SOLD

  • ID Ref 2578
  • Suburb Brisbane
  • State QLD
  • Status Sold

Business Description

This is a long established Italian Restaurant that has ‘Friendly’ written all over it. It has opportunity, evening hours, awards and profitability. Open for about 20 years and trading 6 days a week, or about 30 hours, this restaurant has the ability to increase turnover and profitability in the hands of an enthusiastic owner. Husband is in the kitchen; Wife is front of house.

* Weekly Figures: Turnover – approx. $7,500; Cost of Goods - $1,250; Rent (inc GST) - $975; Outgoiongs –
$250; Wages - $2,000 (excl owners); Profit - Books show approx. $100k pa to husband and wife owners;
* Lease - Expires Mid 2018 with Lessor amenable to discussion regarding options;
* Stock at Value - $8,000;
* Trades 6 days Tue–Sun, 5pm–10pm;
* 5 staff - 2 Full-time 3 Casual;
* Excellent and functional fit-out;
* Seating for 40 inside and 40 outside;
* Parking for 30 vehicles with wheelchair access;
* A loyal customer base of majority repeat customers.

This restaurant has a courtyard that can cater to functions; Breakfast and Lunch trade options available; Start advertising and promotions.

Priced at $110,000 + SAV.

Broker: Harry Notaras 0434 344 282/ harry@absbrisbane.com
Head Office: 07 3368 4010/reception@absbrisbane.com

Business Features / Snapshot

Price: SOLDTrial: no Rent: $4,931 Lease Options: Nil

Your Business Broker

Harry Notaras
  • Harry Notaras

  • Phone: 07 3368 4010
  • Mobile: 0434 344 282
  • Profile: view profile

Business Location

Brisbane, Queensland 4001