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Popular Pizza Restaurant With Huge Growth Potential
Advert Id: 294956Location:Marrickvile, Sydney, New South Wales
Category:Restaurant
Asking Price:$280,000
- Sales revenue : $773,500
- Net profit : $77,032
- Furniture/Fixtures value : Undisclosed
- Inventory/Stock value : Undisclosed
Business description
Summary
Our client is a well established and beloved pizza restaurant situated in the heart of Marrickville. Established in 2011, it is a popular restaurant with the locals as it is perfectly located close to the Metro shopping centre, industrial area, Enmore Park and others. The business offers a delicious range of pizzas, pastas, calzones, dessert and more for dinner. The business has huge untapped potential with a possibility of expanding the menu and opening times to include breakfast and lunch.
Revenue
$15,000 pw
Rent
$1,000 pw
Total Expenses
$13,3000 pw
Net Profit
$1,700 pw
Location Details
The restaurant sits on a prime corner spot with a nearby shopping centre, commercial strip, recreational parks and facilities as well as local nightspot attractions nearby.
Potential
This business only trades Monday to Sunday for dinner, approx. 5-5.5 hours per night. Massive opportunity to expand hours to include breakfast, lunch and coffee.
Hours
Sun: 5pm to 10pm
Mon: 5pm to 10pm
Tue: 5pm to 10pm
Wed: 5pm to 10pm
Thu: 5pm to 10pm
Fri: 5pm to 10:30pm
Sat: 5pm to 10:30pm
Lease
The current lease has 2 years remaining (option for 2 x 5 year extensions).
Employees
1 full time staff and 16 casuals.
About the Business
For sale is a highly regarded pizza restaurant with a successful online and delivery presence.
The business for sale has a strong brand and loyal local following. It is positioned in a high traffic area.
The business is currently automated and can be run with the current systems in place. Higher profit potential for owner-operator.
Key features:
- turnover of $15,000+ per week (with very limited trading hours)
- current 5 year lease ends in 2022 with 2 x 5 year options to extend ($1000pw)
- huge potential to increase menu options with breakfast, lunch and coffee
For sale $280,000 (inc stock)
Please email your enquiry to [Email Censored] or call [Phone Number Censored] and we will be in contact.
Other Information
- Expansion: The business has huge untapped potential with a possibility of expanding the menu and opening times to include breakfast and lunch and to also offer coffee. It has a successful online presence and online delivery system thanks to heavy investment in their website. The business currently does a lot of sales through menulog and uber eats and these orders can be incentivised to run directly through the company website. It also has the capacity to broker orders through its other franchise.
- Employees: 1 full time, 14 casual
- Trading Hours: Sun to Thur: 5pm to 10pm Fri to Sat: 5pm to 10:30pm
- Support Training: Training and support will be provided
- Reason For Selling: Owner pursuing other business endeavours
- Lease Terms: Current 5 year lease ends in 2022 with 2 x 5 year options to extend
Once you register as a Buyer you will be able to access all the phone details and many more features
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